RealEstate: The most expensive farming lands in Romania

Although the value of farming land in Romania has known an accelerated growth following the EU accession, the average price per hectare is almost the same as in Brazil or Sweden, up to 12 times lower than in Holland, according to the Savills International Farmland Focus 2012 report. The value of farmland in Romania has grown by 172% since 2007, but Romania continues to have some of the lowest sale prices per hectare. In Romania one can buy tillable land for 5,030 dollars/hectare, a level which can be compared with that of Sweden (5,213 dollars/ha), Brazil (5,245 dollars/ha) or Poland (5,685 dollars/ha).

According to a DTZ Echinox analysis, the top of the most expensive farm lands includes Ialomita-Slobozia where land sells at 2,700 euro/ha, followed by Timis-Arad (2400 euro/ha), Buzau-Ploiesti (2350 euro/ha) and Dolj-Oltenia (2,250 euro/ha). The price is established according to the total area, soil quality, irrigation systems. At the opposite pole we find land in areas like Deva, Mures, Cluj and Bistrita where prices vary between 1,700 and 1,800 euro/ha.

The biggest foreign investor is the Danish company Ingleby , controlled by the Rausing family, with farming land of 10,000 ha in the western part of the country. Germany, Portugal and Italy are also in the top of foreign investments in farm lands in Romania.

Agriculture in Romania represents business of 20 billion euro/year but its evolution is dictated mostly by weather conditions. This market contributes with 6.5-7% to GDP.

The cheapest land in Europe can be found in Russia (1,140 dollars/ha), Ukraine (1,152 dollars/ha) Lithuania (1,351 dollars/ha), Latvia (1,411 dollars/ha), Moldova (1,722 dollars/ha) and Slovakia (1,748 dollars/ha).

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