How expensive was agricultural land in 2023 in the EU?

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In 2023, the average price of 1 hectare of arable land in the EU was €11 791, while the average annual rental price of arable land and or permanent grassland stood at €173 per hectare.

Among the 22 EU countries with available data, by far the highest average price for 1 hectare of arable land was recorded in Malta, at €283 039 per hectare. The next highest average price was in the Netherlands at €91 154 per hectare, and then in Luxembourg at €42 540 per hectare.

By contrast, the lowest average prices were recorded in Croatia (€4 491 per hectare), Latvia (€4 591) and Slovakia (€5 189).

Source: 
Eurostat, 28 January 2025