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1 Olsztyn Economic Journal

1 2010

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ACQUISITION OF AGRICULTURAL LAND IN SELECTED EUROPEAN UNION COUNTRIES

100%

Jesus I. M. d. , Osiecka A.

Olsztyn Economic Journal

2010

tom 5

nr 1

174-182

The agricultural land market is being gradually unified in spite of the fact that it still functions in radically different way in two groups of countries. The first one includes 15 old EU member states which acceded to the EU before 2004. The second group comprises the remaining European states which abandoned the system of state and collective management of agricultural land in the 1990s (including 7 new member states which joined the EU after 2004) (Rynek ziemi rolniczej 2006, p. 44). This paper is an attempt to analyse the conditions and criteria for agricultural land acquisition by foreigners in selected countries of the European Union. National statistics concerning the prices of land sale and usufruct lease as well as Eurostat data have been used in this study. The trends in the development of agricultural real property markets, particularly in relation to the prices of land sale and usufruct lease, have been analysed. The agricultural land prices did not undergo significant vaiations in the newly admitted countries before their accession and just after it in 2004. This situation started to change from 2005, when land prices rose significantly in Poland, Latvia, Slovakia and Hungary.