The French cadastral authority SAFER has published the statistics of the trade with vineyards in 2022. A total of 9,490 transactions were made, 1.1 percent more than in 2021. 18,400 hectares changed hands, an increase of 5.4 percent and a new record. The value, however, fell by 7.9 per cent to around one billion euros.
The average price for appellation vineyards (AOP) rose by 2.3 per cent to 151,200 euros per hectare. Only two regions - Bordeaux-Aquitaine (-3 per cent) and Corsica (-7.7 per cent) recorded a downturn. While the loss in Corsica is not significant due to the small area, the decline in Bordeaux can be explained as a result of the weak market for AOC Bordeaux and AOC Supérieur. The prices for prestigious appellations like Pauillac or Margaux remained stable. Emmanuel Hyest of SAFER said that in the region "the very serious crisis will lead to a transformation of the landscape in the broadest sense of the word".
On the other hand, the price increases in Burgundy and Champagne can be explained by the high demand for their wines. In Champagne, according to SAFER, average prices have picked up again after three years of decline, with an increase of 2.4 per cent due to record sales.
For vineyards excluding designation of origin, prices rose further by 1.9 per cent to 15,300 euros per hectare in 2022. Overall, transactions by individuals within and outside agriculture decreased, but companies such as operating and sponsoring companies increased their investments by six percent in number and 27.5 percent in area.
(al / Source: vitisphere)