LAND in County Durham sold on the same day it came on to the market, reflecting the strong demand among local people investing, despite the economic uncertainties.

Vickers & Barrass, chartered surveyors, conducted the sale of 13 acres of land at Medomsley Edge on the B6309 between Shotley Bridge and Medomsley.

The deal reflects the continued demand for land for lifestyle purposes among investors across our region, according to Holly Stafford, chartered surveyor at the Tow Law-based firm - in particular, from equestrian purchasers and people considering new commercial ventures or diversification projects.

It reflects the wider demand during the last quarter of 2019, even though many landowners and farmers continue to balance their businesses in the face of an uncertain economic outlook and a lack of Brexit clarity from Westminster.

Holly said: “Land values have remained strong, due to scarcity and buyers are more than willing to pay for location as much as land quality. The sale of land at Medomsley Edge attracted considerable interest. We wanted to ensure the owners secured the best possible deal and were pleased to see an offer was agreed the day it came onto the market.

“Land in the right location remains in considerable demand for capital investment for many non-farming reasons, including development potential, diversification, privacy, tax reasons, or amenity,” she said.