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The prices for Grand Cru vineyards and high-quality cultivated areas in France continue to rise significantly. This was announced in a press release by the Franco-German agency for agricultural land sales Safer (Sociétés d'aménagement foncier et d'établissement rural). According to the figures, prices in Burgundy rose by an average of four percent in 2018 and have doubled since 2011. Last year, for example, a Grand Cru vineyard in Burgundy cost an average of 6.25 million euros per hectare, with a peak price of 14.5 million Premier Cru sites achieving an average of 680,000 euros, with a peak price of 2.25 million euros.
Premier Cru plots planted with Chardonnay achieved an average of 1.59 million euros per hectare in 2018, the highest price was.
In the Bordelais, the Pomerol achieved the highest growth rate with 20 percent more than in 2017, where a Grand Cru vineyard cost an average of 1.8 million euros, the most expensive transaction achieved 3.6 million euros per hectare. In 2018, the highest price of a sale in St. Emillion even surpassed that of the Pauillac: Here, three million euros were achieved, in the Pauillac it was 2.5 million euros. The average price was similar in both regions: in Pauillac the hectare cost 2.2 million euros, in St. Emillion around 2.5 million euros.
On the Côte des Blancs in Champagne, the average price of a transaction in 2018 was 1.58 million euros, with a peak of 1.8 million euros.
(uka / Photo: Uwe Kauss)