20 May 2014

Farm sales up a quarter

6:38 am on 20 May 2014

The latest farm sale figures continue the upward trend - with more farms around the country being sold and at higher prices per hectare.

The latest farm sale figures continue the upward trend - with more farms around the country being sold and at higher prices per hectare.

The Real Estate Institute of New Zealand's figures show 1849 farms were sold in the year to April, 27.2 percent more than in the year to April 2013.

The institute says the median price per hectare for all farms sold in the three months to April this year was $24,574 up from $20,241 on the same period last year - a rise of 21.4 percent.