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AN Estates Market Review – 2024
10/01/2025
As we enter 2025, we reflect on Aberdeen & Northern Estates' most successful year to date, with the team achieving remarkable milestones, marketing a wide range of agricultural and rural properties, and completing a wide range of complex valuations on behalf of our clients.
Our market share grew significantly in 2024 with our busiest year in terms of transactions and property sales. Driven by an increase in equipped farm sales and bare land transactions, together with other rural residential properties, our realistic pricing strategies have been pivotal in generating interest in properties, leading to competitive closing dates and attractive premiums. Whilst off market private deals will continue, the open market has consistently proven its value for our clients in 2024, with strong premiums offered throughout the year. Notably, approximately 90% of our marketed properties under offer or sold exceeded their guide or asking prices, demonstrating our effectiveness in negotiating favourable terms for our clients. This effort resulted in the successful sale or marking under offer of 54 properties, exceeding £25,000,000 and covering over 3,000 acres.
A selection of agricultural properties marketed by Aberdeen & Northern Estates in 2024 include:
• Hatton Farm & Cromlabank - A mixed livestock and arable farm at Hatton, extending to 158Ha (390 acres) or thereby. Offers over £2.39 million
• Land & Buildings at Cairnleith - IACS registered land at Cairnleith, Ythanbank extending to approximately 92.27Ha (228 acres) with farm buildings. Offers over £1.25 million
• East Mains & Pennan Farm – A farm property extending to over 162Ha (400 acres), with a spectacular vista over the Buchan coastline. Offers over £1.5 million
• Greystone- An impressive farm at Fisherford extending to 311.54Ha (770 acres) or thereby with 3 residential properties and extensive range of farm buildings. Offers over £2.85 million
• Nether Criggie– A 57.67Ha (142 acres) equipped farm near Stonehaven with productive grade 3(1) arable farmland. Offers over £1.325 million
The ongoing uncertainty surrounding agricultural policy and support continued to influence parties' decisions to buy and sell in 2024. This uncertainty, compounded by the significant impact of the Autumn budget and the planned changes to inheritance tax set for April 2026, will remain critical factors in valuations and farm sales moving forward.
These developments do however further highlight the need for experienced and professional advice in navigating the complexities of the agricultural land and property sector.
With robust valuation experience and a proactive approach to market changes, we are well-prepared to guide clients through the evolving landscape of 2025 and beyond. Throughout 2024, AN Estates completed 92 valuations, covering approximately 23,000 acres and valuing over £100,000,000 worth of property assets. This exceeds our strong performance in 2023, underscoring the ever-increasing depth and strength of AN Estates' valuation expertise in the North and Northeast of Scotland.
Another very positive year for A & N Estates solidifies our position as one of the market leaders in the agricultural and rural property market. By maintaining a focus on realistic pricing, leveraging market opportunities, and providing expert advice, AN Estates continues to deliver exceptional value and service to its clients. Looking at the year ahead, if you are thinking about selling or require a valuation for your rural or agricultural property our friendly, experienced, and professional team will be happy to discuss your requirements in complete confidence, providing you with professional and impartial advice.
Take a look at our full range of professional services here, or contact our team by calling 01467 623800 or email estates@anmgroup.co.uk.
We wish you a happy, healthy and prosperous new year.
