ADVERTISEMENT

Arable land prices rise 8.7% in 2020

Land

Arable land prices in Hungary averaged HUF 1.7 million per hectare last year, up 8.7% from 2019, data compiled by the Central Statistical Office (KSH) show, according to a report by state news wire MTI.

Farmland was dearest in Hajdú-Bihar County, in the east of the country, with a median price of HUF 2.2 mln per hectare. It was cheapest in Nógrád County, in the north, with a median price of a little over HUF 0.9 mln per hectare.

Some 45,000 hectares of arable land were sold in Hungary last year, down from 51,000 hectares in 2019.

The average annual rental price for a hectare of arable farmland stood at HUF 64,400 per hectare last year, up 7.3% from 2019. Rental prices were highest in Tolna County at HUF 87,000 per hectare and lowest in Nógrád County at HUF 41,200.

The average price of a hectare of pastureland rose 12% to HUF 0.8 mln and the average price for forested area increased 7% to HUF 0.8 mln.

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.