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Land and Horticultural Land Prices in EU Continue to Rise

Iede de VriesIede de Vries
In recent years, agriculture and the food industry have taken on a larger role in the national economies of Greece, Spain, and Italy. In contrast, Luxembourg and Malta have seen almost no change. This emerges from new data published by Eurostat.
Land prices in the EU are rising, with large differences between countries.

The share of agriculture in the economies of various European countries varies somewhat: the highest values are recorded in Greece (3.2 percent), Romania (2.5 percent), and Spain (2.3 percent).

The lowest values are found in Luxembourg and Malta, where the agricultural value added accounts for only 0.2 percent of GDP.

The average price of produced agricultural products rose by 3% in the EU compared to 2024. The average price for the purchase of goods and services in agriculture also increased, though more modestly, by less than 1%.

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This rise in agricultural prices follows a slight decline in 2024, which itself followed a series of price increases from 2021 through 2023. 

Price changes in 2025 varied significantly across different agricultural products. Sharp increases were recorded for cattle (+26%) and eggs (+23%), and moderate rises for fruit and milk (both +10%) and poultry (+9%).

According to Eurostat, the average price of arable land in the European Union in 2024 was estimated at €15,224 per hectare. This marks an increase of 6.1% compared to 2023 when the average price was €14,343 per hectare.

Average rental prices for arable land and permanent grassland also rose. In 2024, the average rents in the EU were €295 per hectare per year, an increase of 6.4% compared to €277 in 2023.

Land prices varied greatly between EU countries. Malta recorded the highest average price for farmland at €201,263 per hectare. This was followed by the Netherlands with €96,608 and Portugal with €76,556 per hectare.

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This article was written and published by Iede de Vries. The translation was generated automatically from the original Dutch version.

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