Romania's average price for 1 ha farmland increased to 7,600 euros
The average price of a hectare of agricultural land has reached 7,601 euros, according to the latest data published at European level and quoted by Agrointeligenta.
The average price of a hectare of arable land in the European Union in 2021 ranged from €3,661 in Croatia to €47,290 in Luxembourg, according to the data published by Eurostat.
Average price of land in Romania rising year on year
In the case of Romania, the average price of a hectare of arable land was €7,601 in 2021, up from €7,163 in 2020. By comparison, the average price of a hectare of arable land in 2021 was €6,096 in Bulgaria, €5,940 in France and €5,187 in Hungary. Other member states where the average price per hectare of arable land is lower than in Romania are Lithuania, Estonia, Latvia, Slovakia and Croatia.
Bucharest-Ilfov region has the highest prices for arable land in the country
For Romania, the highest prices for arable land are in the Bucharest-Ilfov region (€10,707 per hectare) and the lowest in the North-West region (€6,206 per hectare), in both cases lower than in 2020.
According to Eurostat, the price of arable land depends on several factors such as national legislation, climate, proximity to transport networks, soil quality, irrigation systems as well as market forces related to supply and demand.
Source: Agrointel.ro