News Farmland
Dutch land price by far highest in Europe
The average land price in the Netherlands is the highest in the European Union. This is apparent from data from the European statistical office Eurostat, which was published on Thursday 31 March. The Netherlands is also high on the list when it comes to rents.
The average land price in the Netherlands in 2019 (the most recent year of Eurostat) was €69.632 per hectare. That's almost double the numbers two and three: Luxembourg and Italy. Croatia is the country with the lowest land price in the EU. There, a hectare costs €3.440 cheaper than the Netherlands by a factor of 20. Break down by region, land in the Canary Islands is the most expensive in the EU at €120.477 per hectare. Övre Norrland is the cheapest region. Land there cost an average of €2020 per hectare in 1.822.
Significant increases in Eastern Europe
Over the period from 2011 to 2020, land in Eastern Europe has increased in value the fastest. Romania and the Czech Republic and were the strongest climber. The prices for agricultural land there have increased fivefold in ten years. Prices have also risen sharply in Estonia and Lithuania. Land there has become about 3,5 times more expensive in the same period, but still remains well below the European average. In Bulgaria, Hungary and Poland the price of land has doubled in the last ten years. The price of land in the other Member States also rose, albeit less rapidly. There is one exception: in Greece the price fell by 18% during this period.
The Netherlands is also high in the list with an average price of €819 per hectare per year. Only in Italy is the rent slightly higher at €837 per hectare. There is one region that stands out. In the Italian region of Fruili-Venezia Giulia, an average of €1.714 per hectare was paid in rent. That is more than double the average rent in Italy. The country with the lowest rent is Slovakia. In 2020, an average of €57 per hectare was leased there. The cheapest regions are Mellersta Norrland and Övre Norrland in Sweden. The lease price there was €34 per hectare.
Jurphaas Lugtenburg
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