Land prices triple over past decade
In 11 years, the land market has tripled in price, writes business daily Világgazdaság.
The average price per hectare of arable land sold rose 6.9%, from HUF 1.672 million two years ago to HUF 1.787 mln last year, according to data from the National Tax and Customs Administration, which is not yet complete.
Prices rose the most, by 28%, in Nógrád County, and in Somogy County, plots are worth over 20% more.
At the other extreme, there has been a minimal decrease of around 2% in Hajdú-Bihar and Borsod-Abaúj-Zemplén counties. In Pest County, unfortunately, the incomplete data does not allow for analysis.
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