The first FHB Agricultural Land Price Index was published in November, 2010. In this issue, we publish the latest index values that were updated by transactional data of the second half of 2010 and the first half of 2011. The FHB Agricultural Land Price Index - unlike the FHB House Price Index that is published quarterly - is updated on a yearly basis.
According to the new data of FHB Agricultural Land Price Index, prices on the land market continue to rise in spite of the crisis; nominal prices have doubled in the last 10 years.
Chart 1: The evolution of FHB Agricultural Land Price Index
In the first half of 2011, land prices increased by 4.8% (Chart 1). Although prices only grew by 0.5% in 2010 – which was a relatively small rise compared to the previous years and it even meant a downturn in real terms – the 4.8% increase of nominal prices in the first half of 2011 brought the result that land prices have shown a significant growth, both in nominal and in real terms (the latter was 1.6%)
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