Thus, the average price in Romania is EUR8.051/hectare, compared to other states, where it is lower. In Bulgaria it is EUR7.303, in France it stands at EUR6.130, Estonia – EUR5.730, Hungary – EUR5.240, Lithuania – EUR5.021, Slovakia – EUR4.790, Latvia – EUR4.420, Croatia- EUR3.700.
The level of agricultural land prices depends on a series of criteria, such as national factors (legislation), regional factors (climate, proximity to irrigation networks and systems) and localised/specific productivity factors (soil quality, slope or drainage), as per statistical data.
Based on the methodology agreed at European level, in Romania, the average price of one hectare of arable land stood at RON39.704/hectare in 2022. The lowest average price was reported in the North-East region, namely RON34.743/hectare, while the highest value was recorded in the Bucharest-Ilfov region, namely RON59.263/hectare.
In 2022, an increase of approximately 6.1% in the average price for arable land was recorded in Romania compared to the previous year, with the highest rise being reported for the North-West region of Romania (+23.5%). The average price of permanent grassland experienced an increase of about 6% in 2022 compared to the previous year, for the overall country, with the most significant rise being recorded by the North-East region (+14.9%).
In 2022, the average price of one hectare of arable land in Europe experienced significant variations. According to the data available for 19 EU Member States in 2022, arable land prices ranged between a minimum of EUR3.700 on average in Croatia and a maximum of EUR233.230 on average in Malta. The average price was EUR8.051/hectare in Romania.
In 2022, the average price of permanent grassland in the EU Member States varied from a minimum of EUR1.887/hectare in Bulgaria to a maximum of EUR46.305 in Luxembourg, while in Romania, the average price was EUR5.671/hectare.