More than 12,000 acres of farmland were publicly marketed in the East of England this year so far, according to its research.

Those in Norfolk selling up feel "disillusioned by the poor returns, pressure on costs and endless bureaucratic meddling", said Norwich-based agent Christopher Miles.

Prime arable land is currently trading at an average of £9,368 an acre in the East of England – a fall of 5.5% from £9,914 an acre at the end of last year, says the Savills report.

Its half year report shows the average price paid per acre has dropped across all land types - although there are wide variations based on location and other factors.

But land in Norfolk is generally trading above this average figure, agents said.

It found that the 12,263 acres of farmland were publicly marketed since the start of the year accounted for 17% of all farmland marketed........

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