News Ground
Agricultural land is becoming more expensive again
The price for agricultural land rose further in the fourth quarter of 2021. This is apparent from the data published by the Land Registry today (Wednesday 26 January). How much has the price increased and what are the regional differences?
One hectare of agricultural land cost an average of €70.000 in the fourth quarter, according to the Land Registry data. Land has thus become 4,3% more expensive compared to a quarter earlier, when the average price was €67.100 per hectare. The price of grassland rose the fastest with 8% and cost an average of €64.800 per hectare in the fourth quarter. In the same period, arable land amounts to €77.000 per hectare. That is an increase of 2% compared to the previous quarter.
Over the whole of 2021, the price of agricultural land has averaged €67.100 per hectare, or 5,5% more expensive compared to 2020 when a hectare cost €63.600. The average price for arable land has increased by 2021% over the whole of 3,6 to 74.400 per hectare. A year earlier, that was €71.800 per hectare. The average price of grassland in 2021 will be €62.000 per hectare. That is 6,2% higher than in 2020 when the price was €58.400 per hectare.
Less land traded
In the fourth quarter, 9.900 hectares of agricultural land changed hands. That is 1.000 hectares less than in the same period a year earlier. Over the whole of 2021, 30.900 hectares were traded. That is 1,6% less than in 2020 when 31.400 hectares were sold. This means that ground mobility in 2021 will be 1,71% compared to 1,74% a year earlier.
In the 'south' part of the country, the average price for agricultural land is highest at €80.100 in the fourth quarter. For the whole of 2021, that will be €75.600 per hectare, 4% higher compared to a year earlier. The lowest average price is accounted for by the northern part of the country, with an average price of €61.700 per hectare in the fourth quarter. Compared to the previous quarter, the price has risen the most in this region, namely by no less than 18%. In 2021 the average price for agricultural land in the 'North' part of the country will be €59.100 per hectare. That is 5% higher than in 2020 when the average price was €56.500 per hectare.
Jurphaas Lugtenburg
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