Agricultural Land Prices up 8.5% in 2021

Land

The price of agricultural land in Hungary rose by 8.5% in 2021, to an extent not seen in four years, according to the analysis of the Agricultural Land Index of Takarék Jelzálogbank, part of Magyar Bankholding, writes profitline.hu.

Except for arable land, the amounts to be paid per hectare accelerated in all branches of cultivation.

The price increase was the largest in the case of forests and wooded areas compared to 2020, at more than 15%.

Orchards and vineyards cost the most, HUF 2.02 million and HUF 1.89 mln, respectively, per hectare.

Arable land changed hands at a specific price of HUF 1.81 mln per hectare, while forests and wooded areas, as well as lawns, meadows, and pastures, were sold at an average price of HUF 1.16 and 1.12 mln; however, there are still significant differences in prices per region.

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