Trademagazin > News and articles > Market News > OTP Mortgage Bank: farmland became 5 percent more expensive last year
OTP Mortgage Bank: farmland became 5 percent more expensive last year
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)
Related news
NAK considers supporting small-scale crop production a priority
Constructive cooperation with authorities and partner organizations plays a key…
Read more >Soil-X-Change meeting for soil renewal innovation partnerships
On November 13, 2024, the Institute of Agricultural Economics (AKI)…
Read more >Fish farmers do not plan to raise prices for this Christmas season either
Fish farmers do not plan to raise prices for this…
Read more >
More related news >
Related news
Why are parcel locker providers getting stuck? This data points to the reasons
Parcel terminals are becoming increasingly popular: this year, nearly three-quarters…
Read more >Sustainability and health: the rise of plant-based dairy products in Hungary
In recent years, plant-based dairy alternatives have gained significant popularity…
Read more >Milk and dairy products are becoming more expensive: what is behind the price increase?
The price of milk and dairy products has increased significantly…
Read more >