Land became more expensive last year, according to a survey by Takarék Mortgage Bank

Farmland prices fell slightly in real terms

Farmland prices rose by an average of 6.58 percent nationwide in the first 9 months of 2021, compared to 6.61 percent in the same period last year. The rise in real prices has slowed, from 3.2 percent year-on-year to 1.4 percent. Arable land became more expensive at a slower-than-average rate of 5 percent, with a national average of 1.78 million HUF per hectare. (MTI)