VINES ON THE RISE

Living France - - The Essentials -

The price of vine­yards in France rose by an av­er­age of 3.8% last year, with fig­ures rang­ing from €5,000 to €5 mil­lion a hectare.

Ac­cord­ing to fig­ures from SAFER (So­ciété d’amé­nage­ment foncier et d’étab­lisse­ment ru­ral), a to­tal of 9,190 vine­yard sales were made in 2016. This was around the same num­ber that was sold the year be­fore, how­ever the sur­face area sold in 2016 was down 4.4% to 15,580 hectares, with a to­tal sales value of €783 mil­lion (-2.6%).

It should be noted that there are huge vari­a­tions be­tween dif­fer­ent ap­pel­la­tions and clas­si­fi­ca­tions; the prices of non-AOP vine­yards are sig­nif­i­cantly lower than those with an AOP clas­si­fi­ca­tion.

For ex­am­ple, in 2016, the av­er­age price for a hectare of an AOP vine­yard out­side Cham­pagne reached €67,500 a hectare, while the av­er­age price for a non-AOP vine­yard was €13,400/ha.

It’s thought that the rise in vine­yard prices is due to the re­vival of vine­yards in Langue­docRous­sil­lon, which ac­counts for a large per­cent­age of non-AOP vine­yards in France.

Vine­yard prices vary dra­mat­i­cally from re­gion to re­gion. In Bur­gundy, a vine­yard sold for €12m/ha last year. You can find some of the low­est priced vine­yards in the south-west of France, where prices start from €5,000 per hectare.

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