Land prices in Zeeland are falling; a slight increase in Limburg and North Brabant | Stal-en-Akker.nl

While an average of 82,903 euros was paid for a hectare of agricultural land in Zeeland in the fourth quarter of 2023, this amount in the 1^e quarter of 2024 dropped to 77,950 euros per hectare. The average land price in the 1^e quarter of 2024 in North Brabant amounts to 90,400 euros per hectare. In Limburg, the average land price is 86,100 euros per hectare.

The relative land mobility – the traded area compared to the total area of ​​agricultural land – over the last four quarters has remained the same in both North Brabant and Limburg compared to a year earlier. In Limburg, the relative land mobility of agricultural land is 2.2 percent and in North Brabant 2.0 percent according to figures from Het Kadaster and WUR. In Zeeland, relative land mobility is 1.4 percent, 0.1 percentage point lower than the year before.

Nationwide

The average agricultural land price in the Netherlands is in the 1^e quarter of 2024 4.4 percent lower compared to the 4^e quarter in 2023. Where in the 4^e quarter of 2023 the average agricultural land price was 82,400 euros, this is in the 1^e quarter of 2024 amounted to 78,800 euros. This is exactly the same as the average land price for the whole of 2023.

The national agricultural land price is in the 1^e quarter of this year, while land prices have risen in most provinces. ‘The reason is that the provincial quarterly prices are calculated as the moving average over four quarters, while the national quarterly price is the actual price of the quarter. The provincial moving average therefore lags slightly behind the national quarterly price development,’ explain Het Kadaster and WUR.

Grassland

The average price of grassland is in the 1^e quarter of 2024 increased by 2.9 percent. The price amounts to an average of 73,300 euros per hectare. That is 5.6 percent above the average price of grassland in 2023 of 69,400 euros per hectare. The average price of silage maize land is in the 1^e quarter 79,200 euros, a decrease of 1.4 percent.

Arable land

The average land price for arable land also shows a decrease in the first quarter of 2024 and amounts to 88,700 euros per hectare. That is 2.4 percent below the average price of arable land for the whole of 2023 of 90,900 per hectare.