AMONG THE VINES
Prices for a vineyard in France rose by an average of 3% last year, with the average price for an AOP vineyard outside Champagne reaching €64,100 a hectare. According to SAFER, the French land agency, 9,180 vineyards were sold in 2015, down by 1.9% from 2014, with the sales value totalling €804 million, up 2.1%. However, it’s thought the size and buoyancy of the market disguises considerable differences in price and sales activity, with some appellations recording stable or falling prices. The Bordeaux area, which has been increasingly popular with Chinese buyers in recent years, accounted for 21% of sales in 2015 and 25% of the sales value. Pauillac is the most expensive appellation in Bordeaux, commanding an average €2m per hectare. AOP vineyard prices in Champagne rose by an average 1.8% last year, and by 0.8% in Languedoc-Roussillon.