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High demand for large parcels, high supply of small ones

There is significant demand for land parcels of between 30 hectares and 40 hectares in Hungary, though the country's supply of land is concentrated in small parcels, director Zoltán Für of online land broker Földbróker.hu told MTI on Thursday.

 

Für said that 2 million to 2.5 million owners possess the 4 million hectares of arable land in Hungary, adding that 98% of agricultural land in the country is divided into small parcels.

The Földbróker.hu director noted that Hungary's 1994 Land Law prohibits legal entities such as companies from purchasing land, predicting that the price of land will be HUF 1.5 million-HUF 2.5 million per hectare for parcels of between 10 hectares and 500 hectares in area and under HUF 1 million for smaller parcels after the law is abolished on May 1, 2011. (MTI-ECONEWS)