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Romania has the lowest cost for arable land in Europe, says Eurostat

Arable land was the cheapest in Romania out of all member states, with a hectare costing an average 1,958 Euro in 2016, according to Eurostat, the statistics office of the EU.

2018-03-21 15:54:51

On average, the most expensive purchase price for one hectare of arable land was in the Netherlands, at 63,000 Euro, according to Business-Review.

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 are available, the most expensive price for arable land was in the Liguria region of Italy (an average 108,000 Euro per hectare).

"From the data available, the strongest growth in land prices of arable land between 2011 and 2016 was in the Czech Republic (a three-fold increase), Lithuania, Estonia, Latvia and Hungary (a two-fold increase). Prices rose in other Member States too, albeit at much lower rates. In almost all regions, buying arable land was more expensive than buying permanent grassland (as much as 20 times more expensive in the Greek islands of Voreio Aigaio). Likewise, buying irrigable arable land was more expensive than non-irrigable arable land (as much as six times more expensive in the Spanish Region de Murcia)," said Eurostat.



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JESSICA JAKE: on 2018-08-27 02:21:34


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