Portfolio of 11 Scottish forests on market for under £1m
Woodland specialists John Clegg & Co said the commercial forestry market in Great Britain appears to be stabilising, with high-quality plantations maintaining strong values and "cautious optimism" within the sector.
Craiglug Wood is part of the portfolio. (Image: John Clegg & Co) Craiglug Wood is part of the Aberdeenshire portfolio on the market at offers over £955,000, and is 88.86 acres.
The firm's annual Forest Market Review shows that while there was a further softening of average values in 2024 there is a much more nuanced picture behind the headline figures.
"We continue to see strong prices paid for well-located, quality plantations - typically second-rotation spruce in southern Scotland," said Simon Hart, head of forestry in Scotland. "Lower-yielding crops are inevitably worth less, so this alone accounts for the apparent drop in average values when looking year-on-year."
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In 2024, 29 forests were sold in Great Britain during 2024, which is more than in 2023 when 20 were sold but below the five-year average of 44.
The total market value was a little under £94m, over double the amount in 2023, but below the five-year average of £151m.
Sales prices averaged 107% of guide prices, a slight rise on 2023 levels but below historic trends, pointing to a steady but selective market.
The majority of forestry sold was in Scotland. In terms of the market outlook, Mr Hart said there are new funds being drawn into UK forestry.
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