The Current situation within the soil market and the land price in V4 countries

Soil is a basic production factor for agriculture, it represents national wealth and belongs to non-renewable natural resources. The problem of the land market development is in very fragmented ownership structure, which means that many owners do not want to sell their land because this situation also affects the market price and if they want to sell it they have to go below the market price. The purchase price of land is a factor that is depended on the creditworthiness and quality of the land, but also on the attractiveness of the locality where it is located. The pace of agricultural land market development depends on the economic situation in the country. The price of land in the V4 countries is different. At present, the land price is increasing in all V4 countries. In Slovakia, the rental market is more developed than the agricultural land market. Approximately 90% of the land is leased. The average market price of agricultural land was 7, 600 € / ha in 2015. In the Czech Republic, the average market price of agricultural land is growing year-on-year, reaching a level roughly twice as high as in 2011 in 2017. The average market price of land in Poland had growing tendency until 2015, but in 2016 was recorded a fall of 120 € / ha. Hungary has a favorable geographical location, it is an agricultural landscape. According to the participants in the agrarian market, the price of agricultural land increased in the period 2010-2014 to double. In 2016, the price of agricultural land climbed to 4,182 € / ha