Arable Land Prices in Hungary Climb 10% in 2022
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The price of arable land in Hungary averaged HUF 2.1 million per hectare in 2022, rising 10% from a year earlier, state news wire MTI reports, citing data compiled by the Central Statistical Office (KSH).
Arable land prices were highest in the counties of Tolna, Békés, and Hajdú-Bihar, ranging between HUF 2.5 mln and HUF 2.7 mln/hectare. Prices were lowest in the counties of Nógrád, Zala, and Heves, between HUF 1.2 mln and HUF 1.5 mln/hectare.
Sales of arable land fell 24% to 37,000 hectares in 2022.
Rental fees for arable land rose 12% to HUF 81,600/hectare, on average. Rental fees were as high as HUF 105,600/hectare in Hajdú-Bihar County and as low as HUF 48,700/hectare in Nógrád County.
The price of orchards in Hungary averaged HUF 3 mln/hectare. The price of pastureland averaged HUF 1.1 mln/hectare.
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