News Farmland
Land price will rise in the first quarter of 2021
The price of agricultural land has increased by 2021% in the first quarter of 3,2 compared to the last quarter of 2020. Compared to the average price over the whole of 2020, the increase is even 6%. This is apparent from the quarterly report of the Land Registry published yesterday (Thurs 29 April).
The average price for agricultural land in the first quarter of this year is therefore €67.440 per hectare. The price of arable land at €74.200 per hectare remained the same as in the last quarter of 2020, but is more than 3% higher than the average price for the whole of 2020. Grassland is 62.900% more expensive in the first quarter of 2021 at €5 per hectare. compared to the fourth quarter of 2020.
More land traded
In total, 3 hectares changed hands in the first 2021 months of 8.300. That is more than 200 hectares more than in the same period last year. In the last 4 quarters together, 31.600 hectares of agricultural land have been traded. This means that 7,8% more land was sold than in the same period a year earlier. Relative land mobility has been 4% in the past 1,75 quarters compared to 1,62% in the same period a year earlier.
The average land price is highest in the South part of the country, at €75.400 per hectare. In the Northern part of the country, the average land price is more than €16.000 per hectare lower. A hectare costs an average of €59.300 there. Over the whole of 2020, the price there was 11% below the national average.
Jurphaas Lugtenburg
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