The growth trend of land prices in trade relations with natural persons was maintained throughout 2019. The average price of arable land grew by 6.4% to 47.2K PLN per hectare, said the Polish Central Statistical Office.
The greatest rate of land price growth for 1 hectare was recorded in the prices of grasslands classified as poor; their price grew from 23.2K PLN to 25.4K PLN, and poor (sandy) arable land whose price grew from 31.7K PLN to 34.6K PLN (more than 9%).
The per annum growth of prices of 1 hectare of middle class (rye and potatoes) arable land – 48.7K PLN and good arable land (wheat and beets) – 58.3K PLN was, respectively 6.8% and 5.0%. The lowest growth was recorded in the prices of grasslands classified as good, whose prices grew by nearly 3% to 31.2K PLN per 1 hectare compared to 30.3K PLN the year before.
This was yet another year with the prices of land growing.
This trend applies also to the land from the Agricultural Property Stock of the State Treasury: during the years 1992-2018 the prices of APSST’s arable land grew more than 50-fold from 500 PLN per 1 hectare in 1992 to more than 32K PLN per 1 hectare in 2016. After limiting the sale in 2017 the price of APSST’s arable land in 2018 dropped by 15% compared to 2016, to just a little above 26K PLN per 1 hectare.
In 2019 this price was calculated to be 30 998 PLN per 1 hectare.