Continuing the success of 2015, Adkin has maintained its market share of agency instructions across Oxfordshire, Berkshire and surrounding counties.
With sales transactions of in excess of £39m including farms and estates, residential, development and amenity land, we have collectively sold in excess of 1,400 acres. Alongside this we have helped clients acquire in excess of £6.5m of property including farmland in Oxfordshire, poultry units in Wiltshire and Somerset and residential property in both Oxfordshire and London.
Our recently produced Agency Review provides an insight into some of the transactions we have been involved in over the past year, download your copy here.
The Adkin Annual Sale of Hay & Straw held at Ardington, Oxfordshire on Tuesday 10th January 2017 met with a better than expected trade. With buyers present from across the country and beyond all classes of hay and straw met with a good demand. Given the mild winter to date and reports of very disappointing trade for hay elsewhere the hay trade well exceeded expectations. Straw was again a good trade and in strong demand and more could have been sold to advantage.
REPORT ON ANNUAL AUCTION SALE 2017
The Rural Payments Agency (RPA) confirmed on the 4th January 2017 that 91% of farmers received a payment by the 31st December 2016. They have therefore met their target to pay 90% of claimants by that date and the next target is to pay 93% of claimants by the end of March 2017.
Adkin are delighted to announce that Jess has passed her CAAV exams and has been promoted to the position of Senior Surveyor to reflect her hard work and increased responsibilities within the business.
The payment window for 2016 claims is now open and we are aware that payments have commenced. Please ensure you check the amount carefully as there have already been incorrect payments where mapping work is ongoing or incorrect on the system.
Residential Lettings – Reminders
There have been a number of changes to the legislation governing residential lettings over the last year. Below is a reminder of the measures landlords must ensure are in place:
2016 Exchange Rate
The Euro exchange rate applicable to BPS 2016 payments was set on the 30th September 2016.
It is the average of the European Central Bank exchange rates set during September 2016 and is €1 = £0.85228.
This is positive news compared with BPS 2015 which saw an exchange rate of €1 = £0.73129.
Julian Sayers hosted the 25th Anniversary Dinner for the Rural Youth Trust in his capacity as Chairman of Trustees in the presence of Her Royal Highness the Princess Royal at The Farmers Club last week. The event provided an opportunity to celebrate the work of the Trust since its inception in 1991 including the awarding of over 480 grants to rural youth organisations throughout England and Wales to thank those who were instrumental in establishing the Charity and to seek to increase the Trust’s present capital reserves during the Anniversary year.