February the 8th, 2025 – Despite the high prices we’ve all become accustomed to reading about, Croatian agricultural land continued to be the cheapest in the EU even in 2023.
As Poslovni Dnevnik writes, Croatian agricultural land was still the cheapest in the entire EU back in 2023, despite a double-digit price jump, data from the European Statistical Office has shown.
Looking at the situation at the EU level, a hectare of arable land cost an average of 11,791 euros back in 2023, up 4.7 percent from 2022, according to revised Eurostat data.
By far the most expensive agricultural land was in Malta, where it cost a much higher 283,000 euros, reflecting limited land availability and demands that it be used for other purposes.
The Netherlands followed, where agricultural land cost 91,154 euros.
In Luxembourg, Austria and Ireland, the average price ranged from 42,000 to 35,000 euros for agricultural land. In neighbouring Slovenia and over in Denmark, a hectare of agricultural land was about twice as expensive as the EU average.
In nearby Greece, as well as in Poland, the Czech Republic, Spain, Sweden, Finland, Romania and Bulgaria, the price of agricultural land stood at around the European Union average.
Croatian agricultural land was, as stated, the cheapest of all back in 2023, where buyers had to pay an average of 4,491 euros per hectare. That’s a very significant 21.4 percent more than it was back in 2022, when prices more or less stagnated.
The closest price to Croatian agricultural land in 2023 was Latvia, with an average price per hectare of 4,591 euros.
Eurostat didn’t have data for Belgium, Italy, Germany, Cyprus, Portugal and Austria, but the cheapest lease of all was in Slovakia.
Looking at things at the EU level, the lease of arable agricultural land and pastures cost 173 euros per hectare in 2023 and was 2.4 percent more expensive than in 2022, according to revised data from the European Statistical Office.
Among the EU countries for which Eurostat had data, the cheapest was Slovakia, where on average 67 euros per hectare had to be allocated. This was followed by Croatian agricultural land, where tenants had to allocate 74 euros per hectare, as in 2022 and 2021.
The highest cost of all back in 2023 was paid in the Netherlands, on average 914 euros per hectare. Denmark and nearby Greece followed with a rental price of almost 600 and 500 euros, respectively.
In the Czech Republic, Spain and Slovenia, the rent price was almost equal to the EU average.
Statisticians didn’t have data on the rent price for Belgium, Italy, Poland, Romania, Sweden, Cyprus, Germany, Portugal, France or Lithuania.
