It is time to invest in agricultural land in Brittany. The region is in 9th place in terms of agricultural land prices with growth of 4.2% in 2023 compared to 2022. A ranking by department established by Feve (Fermes en vie)*, a social economy company and united. These prices are those for the year 2023 and are based on actual sales.
In summary, for France:
– The average price per hectare (of “bare” land) is €6,603 (+1.6% vs. 2022)
– PACA, Normandy and Hauts-de-France are the most expensive regions
– Bourgogne-Franche-Comté and Pays-de-la-Loire are the most affordable regions
Focus on the 5 Breton departments (median price of bare land)
– Loire Atlantique: €2106/ha
– Finistère: €4789/ha
– Morbihan: 5000€/ha
– Côte d’Armor: 5261€/ha
– Ille-et-Vilaine: €5,500/ha
An average increase of more than 4% in Brittany.
This index allows farmers wishing to sell their farm before retiring to clearly assess the value of their property. New farmers wishing to set up can, for their part, develop their project under the best conditions. Finally, savers wishing to invest in land have an overview of the fluctuation in value of this asset.
Agricultural land continues to increase in value
The results of this analysis demonstrate a continued increase in value of agricultural land. The average price per hectare for bare agricultural land (i.e. without buildings) in 2023 amounts to €6,603, an increase of 1.6% compared to 2022. Between 2021 and 2022, the price of “bare” land » had already increased by 2.6%.
This dynamic is part of an underlying trend since between 1996 and 2016 in France, the value of agricultural land increased by 54% according to Terres d’Europe-Scarf.
Rural areas are not spared from falling property prices
If the price of simple agricultural land remains growing, the general decline in property prices observed in France (-4% year-on-year in the fourth quarter according to figures revealed by notaries) also affects rural areas.
Indeed, the average price of sales of agricultural land with or without buildings in 2023 is €7,850/ha, or -3.3% compared to 2022. Sales of land including buildings therefore pull this average downward. A trend already observed last year where the evolution was maintained at +1.2% between 2021 and 2022.
Provence-Alpes-Côte-D’azur, Hauts-de-France, Normandy and Ile de France at golden prices
Many of the most expensive departments in France are located along the Mediterranean coast. Thus, driven by the three most expensive departments in France (Var, Bouches-du-Rhône and Vaucluse), the PACA region is largely positioned as the most expensive region in France in terms of agricultural land with an average price of more than 12,000€/ha.
The Hauts de France, Normandy and Ile de France regions follow behind. The Occitanie region, which is also among the most expensive departments in the country (Hérault, Gars and Pyrénées-Orientales), is only running for 5th place in the ranking of the most expensive regions in France. Indeed, more isolated and therefore more accessible departments such as Lozère, Lot and Ariège lower the average, leaving Hauts-de-France, Normandy and Ile-de-France to take 2nd, 3rd and 4th place. of the classification where average prices are above €8,500/ha.
Mapping by department accessible via this lien.
*FEVE (Fermes En Vie) was created in 2021. It is a real estate company which aims to facilitate agricultural installations while accelerating the agroecological transition. This property company buys agricultural land then rents it with an option to purchase to project leaders. The property company is financed by individuals and institutional investors and has already enabled the installation of 11 farms (19 farmers) in France.
