Agricultural Land Prices Climb Close to 10% in 2022

Land

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.

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