Agricultural Land Prices Climb Close to 10% in 2022
The price of agricultural land in Hungary rose almost 10% last year, MBH Bank said on Thursday, according to a report by state news wire MTI.
Cropland prices rose 7.4% to HUF 1,940,000 per hectare, on average, although prices were as high as HUF 2,500,000-3,000,000/hectare in some regions, the lender said.
The price of pastureland climbed 10.6% to HUF 1,280,000/hectare and the price of orchards increased 9.2% to HUF 2,210,000/hectare.
The price of vineyards rose 8.4% to HUF 2,050,000/hectare.
Government Acknowledges Drop in Motor Fuel Prices
Hungary Welcomes Extension of China's Visa Exemption Policy
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
