VINES ON THE RISE
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.