Financial Times FT.com

Rising cost of farmland hits 'lifestyle buyers'

By Daniel Thomas

Published: February 11 2008 02:00 | Last updated: February 11 2008 02:00

City slickers who buy up swathes of countryside are in decline as the economic slowdown ends their dreams of a weekend retreat, a report out today will say.

Demand from so-called "lifestyle buyers" for farmland is falling, even though the surge in commodities prices has seen values for workable farmland rocket to record levels, the Royal Institution of Chartered Surveyors has found.

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