Farmland prices slipped around half a percent from HUF 2,186,000 in 2022.
The price of farmland was the highest in Central Hungary, at HUF 2.6 million/hectare, followed by the Great Plain region, where prices averaged HUF 2.5 million/hectare. Prices were under HUF 2 million/hectare in the west and north of the country.
Farmland sales rose 26% to 29,127 hectares in 2023.
Rental fees for farmland increased 12% to an annual HUF 96,800.
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