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The most expensive vineyards in Italy continue to be in the Barolo appellation. According to estimates from the Institute for Viticulture and Oenology Crea, a hectare there starts at 250,000 euros, while buyers must pay up to two million euros for top locations. These figures are still below the market prices that have been known in the past. Insiders speak of around four million euros for a hectare of the renowned Barolo location Cannubi.
In Tuscany, the Bolgheri appellation has significantly increased in value in 2023, now reaching the level of hectare prices of Brunello di Montalcino. In both appellations, the price per hectare according to Crea now ranges between 250,000 and one million euros. Last year, the hectare prices in Bolgheri ranged from 240,000 to 750,000 euros. Vineyards in Chianti Classico are also in demand. For a hectare in the province of Florence, investors must pay between 90,000 and 210,000 euros, while the vineyard areas in the province of Siena are somewhat cheaper (90,000 - 150,000 euros).
In Northern Italy, vineyards are generally more expensive than in Southern Italy. For a hectare around Lake Kaltern in South Tyrol, one currently pays between 440,000 euros and 900,000 euros. The vineyards of Valdobbiadene, from which Prosecco DOCG is produced, range between 300,000 and 600,000 euros per hectare, while the vineyards in Vinschgau and Eisacktal according to Crea range between 300,000 and 500,000 euros.
In the south of the country, prices for vineyards on Mount Etna are particularly rising. According to Crea, they range between 45,000 and 95,000 euros per hectare (2023: 43,000 - 90,000 euros). The cheapest vineyard areas remain those planted with Cannonau in the Ogliastra region of Sardinia. There, a hectare costs between 12,000 and 17,000 euros. Overall, the average hectare prices in 2023 have slightly increased compared to the previous year.
(ru / Winenews)