In the western provinces of Utrecht and South Holland, the average agricultural land price will show an increase in the 1st quarter of 2024. In Utrecht and South Holland, the average agricultural land price has increased by 2 percent and 3 percent. In North Holland, the average land price has actually fallen by 2 percent. This is evident from figures from the Land Registry and the WUR.
In Utrecht the average agricultural land price is in the 1e quarter of 2024 at 79,300 euros per hectare. In South Holland this is 80,800 euros per hectare and in North Holland 78,500 euros per hectare.
Relative land mobility – the traded area compared to the total area of agricultural land – over the last four quarters has fallen by 0.2 percentage points in Utrecht compared to a year earlier. The relative land mobility for that province therefore amounts to 1.4 percent. In North Holland this is 1.6 percent (same as a year earlier). In South Holland, relative land mobility has increased to 1.9 percent. An increase of 0.2 percentage points compared to a year earlier.
Nationwide
The average agricultural land price in the Netherlands is in the 1e quarter of 2024 4.4 percent lower compared to the 4e quarter in 2023. Where in the 4e quarter of 2023 the average agricultural land price was 82,400 euros, this is in the 1e 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 1e 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 1e 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 1e 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.
Tags: Agricultural land price North Holland falling South Holland Utrecht increase Agraaf .nl
