Buying a vineyard
Tempted to invest in your own vineyard in France? Our expert offers some top tips on what you need to know
A vineyard is an investment that provides long-term stability and attractive corporate tax arrangements.
The price of a vineyard is calculated according to three main criteria: 1. The price per hectare is officially determined by the region and the wine appellation. 2. The quality/state of the living accommodation included. 3. The condition of the cellars, wine storehouses and equipment.
Where you buy a vineyard will depend on the budget you have available. Prices can vary from €15,000 per hectare to several million euros. A vineyard in Languedoc, for example, costs an average €1m while a vineyard in Provence or the Côtes du Rhône could range from €3-€5m. The reputation of the wine (Grands Crus , Bordeaux, Burgundy, etc) can increase the price by several million euros. Wine trends – Provence for example has a worldwide reputation for its wine and sales of rosé are increasing constantly, which could offer a good investment opportunity. Furthermore, the climate here is ideal for wine production and the area is extremely popular with tourists.
You do not need to be an expert in winemaking to buy a winery. Here in France, it is easy to find a manager and an oenologist to assist you if you are not a wine professional.
Noël Castinel is director of VIP Real Estate which specialises in vineyards and luxury properties in France. VIP Real Estate is the UK representative for Vinea Transaction (Méditerranée), a specialist in the sale of wineries since 1991. vip-real-estate.com