What's been happening to Scottish Forestry? Tilhill tell all.
by Angus, 16 April, 2012, 0 comments
Tilhill UPM manage many large private forestry estates and produce an excellent annual report on the state of the market both for the land itself and forestry products. Some time back, I went to the presentation of Tilhill's 2011 Forest Market Report which was surprisingly upbeat. The main message was that land values are strongly up, forest product prices are strongly up and volumes of land sold, measured by value, are at historically high levels. Property values have increased about 15% in the year to the end of September 2011, according to Crispin Golding of Tilhill UPM, mainly because: there is increased demand for land from investors who are tax-driven or who are looking for safe havens for cash, or both; timber prices have gone up principally because of high oil prices and the devaluation of the pound (making UK timber forestry output more competitive with foreign countries including the Baltic States who are enormous timber exporters). Read more...
