OTP Mortgage Bank: farmland became 5 percent more expensive last year

By: Trademagazin editor Date: 2021. 06. 16. 11:20

Last year, the average price of arable land in Hungary increased by 5 percent: the average price per hectare increased from 1,593 million HUF in the previous year to 1,673 million HUF, according to incomplete NAV data, OTP Mortgage Bank told MTI on Tuesday.

According to the information, prices rose the most, by 18 percent in Fejér county, while in Nógrád, Pest and Heves counties the price increase was more than 10 percent. The price of arable land decreased in three counties – Békés, Somogy and Zala – and the largest decrease, by 8 percent in Zala county. (MTI)