Where is the cheepest and the most expensive land in EU – Eurostat revealed
There is a huge variation in agricultural land prices across the European Union (EU), according to Eurostat, reports ProAgro Group with reference to Agriland.
Among EU member states, the Netherlands recorded the highest purchase price for one hectare of arable land in the EU – an average of €69,632/ha in 2019.
The price of arable land in every region of the Netherlands was above all other available national averages in the EU.
However, among the EU regions for which data is available, the highest prices for arable land were in the Spanish region of The Canary Islands – an average €120,477/ha in 2020.
Eurostat defines arable land as that which is worked – ploughed or tilled – regularly, generally under a system of crop rotation.
Arable land was cheapest in Croatia, with one hectare costing an average of €3,440 in 2020.
At regional level, a hectare of arable land cost the least in the southwest region of Bulgaria – an average of €2,051.
According to a Eurostat statement, land price depends on a number of factors such as national (laws); regional (climate, proximity to networks); and localised productivity factors (soil quality, slope, drainage and so on).
Additionally, the market forces of supply and demand, including the influence of foreign ownership rules, also impacts price.
