February 29, 2012 - bucharestherald.ro

The prices of farming land in Romania are three to seven times lower than in most European states although they have doubled between 2007 and 2011, getting to an average 1,972 Euro per hectare, according to a study by DTZ Echinox.

In Romania, land prices vary from one region to another. In the north-east and south-east, the average sale price of farming land is about 1,500-1,600 Euro per hectare, while in areas near Bucharest it is 2,200-2,700 Euro per hectare, the company’s study shows. DTZ estimates that prices will grow to up to 3,000 Euro per hectare over the next three years.

Thus, the average price at national level in 2011 was 1,972 Euro per hectare, compared to 927 Euro in 2007 and 1,700 Euro in 2010.

Romania has 14.7 million hectares of farming land, ten million of which are used as arable land. Most recent studies show that 6.8 million hectares are unused.

In what regards forest land, Romania has six million hectares (25% of the country’s surface), four million of which are owned by the state. In Europe, the average forest land surface is 32% of a country’s territory. Forest land prices in Romania range between 2,000 and 5,000 Euro per hectare.

 

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