DTZ: Trading prices for agriculture lands doubled compared to 2008
The downturn of economy had no negative impact on evolution of trading prices for agriculture lands, says Flavius Pop, consultant for investments department within DTZ Echinox.
2014-03-04 12:06:59
Currently, near one million hectares of agriculture land are owned by foreign companies and investors. Their interest mainly targets lands located in South-western and Eastern areas, where also the prices are higher compared to other regions in the country.
According to the studies conducted by DTZ, there are significant price differences among the land fields in Romania and the countries in Western Europe, with reduced plots. For instance, a hectare of agriculture plot in UK and Belgium is traded for EUR 24.000, while in Italy the price varies between EUR 15.000 and EUR 16.000. In Denmark, this price is estimated at EUR 30.000. In Ukraine, the price drops to EUR 700.
For this year, DTZ estimates that prices for agriculture lands might see an increase of 10 to 15 per cent.
More on the evolution of trading price for agriculture lands and estimated effects of landed liberalization on the upcoming analysis in the March edition of The Diplomat-Bucharest.
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