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Price of farmland in Hungary rises 4.8% in H1

The price of farmland in Hungary rose 4.8% in nominal-value terms and 1.6% in real-value terms in the first half of 2011 from the entire year 2010, FHB Mortgage Bank CEO László Harmati said on Wednesday, presenting FHB's farmland index.

FHB's farmland index rose from 192.1 points in 2010 to 201.3 points in H1 2011. FHB first published its farmland index in November 2010, which has been updated based on transaction data from H2 2010 and H1 2011.