In 2007, the value of land in Italy began to increase again after two years of stagnancy. The positive growth of the agricultural market has, in fact, increased the hopes of investors who are once again buying terrain, above all for the cultivation of seed crops.
This was the most interesting data revealed by the latest INEA (the National Institute for Agrarian Economics) study on the changes on the land market in Italy. Despite the slow down that has been registered for the entire national economic system and the relatively modest agricultural earnings, the land itself continues to represent an interesting item to invest in, safe from the risky fluctuations of other capital markets. The national average for the value of land in Italy has surpassed the 17,000 euros per hectare mark, a value that hides a large variability in value throughout the territory.
Below, is a list of the 10 highest priced areas of land in Italy for wine (minimum and maximum values in thousands of euros per hectare) according to the statistics made available by INEA.
1 – DOCG vineyards on the hillsides of Montalcino (Si) 350-430
2 – DOC vineyards in Valdobbiadene (Tv) 340-516
3 – DOC vineyards around Lago di Caldaro (Bz) 302-457
4 – Vineyards to the north of Trento 278-490
5 – Specialized vineyards on the hills around Brescia 153-205
6 – DOCG Chianti Classico vineyards (Si) 145-190
7 – DOCG Chianti Classico vineyards (Fi) 135-160
8 – Vineyards in the valley of Illasi (Vr) 80-300
9 – Plain land vineyards in the lower Piave (S. Donà Ve) 76-110
10 – DOC vineyards around the Castelli Romani (Rm) 77-140
These, instead, are the 10 highest valued in absolute:
1 – DOCG vineyards on the hills of Montalcino (Si) 350-430
2 – DOC vineyards in Valdobbiadene (Tv) 340-516
3 – DOC vineyards around the Lago di Caldaro (Bz) 302-457
4 – Vineyards to the north of Trento 278-490
5 – Irrigated vegetable and flower agriculture on the plains of Albenga (Sv) 232-465
6 – Nursery lands around Pistoia 230-290
7 – Apple orchards in the Val d’Adige (Bolzano/Merano Bz) 221-376
8 – Fruit orchards in the northern area of Val d’Adige (Tn) 186-276
9 – Irrigated flower gardens in San Remo (Im) 181-362
10 – Fruit orchards on the right side of V
al di Non (Tn) 161-338
According to the INEA study, land located in northern Italy has an average value of more than double that of the south. The same goes for flatlands that, on average, have a value three times higher than that of mountain land. Despite these sharp differences, the average price for Italian land still reaches the top of the European classification list, in which only countries like Holland, Belgium and Denmark have similar values. As opposed to inflation rates, these prices have demonstrated, after a two-year decrease, a slight increase in real terms (+0.2%), thus inverting a worrisome trend of lowering prices for land.
The value of Italian land in real terms remains superior to that of the 1990’s but inferior to the deflated prices of the 80’s. The areas located in the agricultural zones of the north have benefited most: analyzing the data for the past seven years, the value of land has increased by 5-10% in these areas, while in the south values have actually decreased by 7-10%.
The sudden rise in land prices during the second semester of 2007 reignited interest in land investments and explain, at least partially, the renewed growth in land quotes.
The positive market movements of this commodity have given breathing room to the land market, above all in the more fertile areas. As well, the availability of new financial resources that will be available though rural development plans for the 2007-2013 program should not be underestimated.
According to sector operators, it is probable that the more capable entrepreneurs will be able to capitalize, even with the land market, on the increases in earnings derived from new structural investments and multifunctional activities that the rural development plans are oriented towards promoting. After three years since the application of the new uncoupled support, no particular effects have been noted on the land market.
It is probable that expectations of operators are already oriented towards a further gradual reduction in aid, therefore the value of land is probably feeling the capitalization of public aid a bit less than in the past. In the first half of 2008, according to the first evaluations supplied by sector operators, interest in agricultural land continued to grow even after the increasingly evident difficulties in other market sectors. The worsening of the agricultural system in mid 2008 and, above all, the extension of the financial crisis pose some serious doubts in the capacity of the land market to maintain the same dynamism of just a few months before.
Land Values for Italian Regions in 2007
(minimum and maximum values in thousands of euros per hectare)
Piedmont
DOC vineyards Erbaluce Caluso (To) 41-52
DOC vineyards in the lower area of Langa di Alba (Cn) 36-70
DOC vineyards in the prestigious Asti region (excluding Moscato) 30-50
DOC vineyards Moscato in the area of Canelli (At) 35-60
Other DOC vineyards (At) 18-30
Val d’Aosta
Vineyards in Quart (Ao) 40-70
Lombardy
DOC vineyards superior in Valtellina (So) 47-78
DOC vineyards in the Oltrepo Pavese 25-42
Mixed vineyards land on the hills in the morenica area (Mn)
52-84
Trentino alto Adige
Vineyards to the north of Trento 278-490
DOC vineyards around the Lago di Caldaro (Bz) 302-457
Veneto
Vineyards in the valley of Illasi (Vr) 80-300
Vineyards on the hills in the western area of the province of Vicenza 52-103
DOC vineyards in Valdobbiadene (Tv) 340-516
Flatland vineyards in the lower Piave (S. Donà Ve) 76-110
DOC vineyards on the Euganei hills (Pd) 66-93
Friuli Venezia Giulia
DOC vineyards on the Colli Orientali (Ud) 35-90
DOC vineyards in the area of Collio (Go) 49-80
Viticulture nurseries of Rauscedo (Pn) 39-63
Vineyards in the central area of the province of Pordenone 50-76
Liguria
DOC vineyards in Dolceacqua (Im) 40-65
DOC vineyards on the coastal hills of Albenga (Sv) 38-55
Emilia Romagna
DOC vineyards on the hills around Piacenza 34-41
DOC vineyards on the hills around Parma 55-65
DOC vineyards on the plains of Reggio Emilia 50-66
Vineyards on the lower hills of Reno (Bo) 30-45
Tuscany
Viticulture land on the hills of Lucca 20-31
DOCG Chianti Classico vineyards (Fi) 135-160
Viticulture land on the hills of Florence 22-30
DOCG vineyards in Carmignano (Po) 55-80
Vineyard, olive, and seed land on the hills of Pisa 27-31
Vineyard and olive land in the Valdarno (Ar) 15-19
Vineyardrd and olive land in the Val d’Elsa Senese 29-38
DOCG Chianti Classico vineyards (Si) 145-190
DOCG vineyards on the hills of Montalcino (Si) 350-430
Umbria
DOC vineyards on the hills of Perugia 21-26
DOC vineyards on the hills of Montefalco (Pg) 60-75
DOC vineyards on the hills of Orvieto (Tr) 25-30
Marche
DOC vineyards on the hills between Cesano and Misa (An) 25-38
DOC vineyards of Matelica (Mc) 25-50
DOC vineyards of Falerio (Ap) 20-35
Lazio
DOC vineyards in the area of Montefiascone (Vt) 18-24
DOC vineyards of the Castelli Romani (Rm) 77-140
DOC vineyards of the hills of Colli Albani 60-80
Vineyards on the coastal hills of Gaeta (Lt) 22-26
DOC vineyards in the Monti Ernici (Fr) 18-31
DOC vineyards in Piglio (Fr) 50-80
Abruzzo
DOC vineyards on the coastal hills of Roseto degli Abruzzi
(Te) 23-48
DOC vineyards on the coastal hills of Chieti 19-45
Molise
DOC vineyards on the coastal area of Campobasso 31-36
Campania
Vineyards in the area of Galluccio (Ce) 17-28
DOC vineyards on the hills of Calore 29-40
DOC vineyards on the hills of Taburno (Bn) 27-30
DOC vineyards on the hills of central Irpinia (Av) 29-40
Puglia
Vineyards in the western province of Taranto 11-20
Vineyards in Francavilla F. (Br) 12-15
Vineyards on the plains of Copertino (Le) 6-14
Basilicata
DOC vineyards on the hils of Vulture (Pz) 18-40
Calabria
Vineyards on the south-eastern hills of Cosenza 15-26
Sicily
Irrigated vineyards in Marsala (Tp) 21-40
Small sized vineyards in Monreale-Partinico (Pa) 15-28
Small sized vineyards in the area of Agrigento 12-21
Table grape vineyars in Naro-Canicattì (Ag) 19-30
Copyright © 2000/2024
Contatti: info@winenews.it
Seguici anche su Twitter: @WineNewsIt
Seguici anche su Facebook: @winenewsit
Questo articolo è tratto dall'archivio di WineNews - Tutti i diritti riservati - Copyright © 2000/2024
