Land market development in the Czech Republic

Abstract

Land market in the Czech Republic is monitored by the Research Institute of Agricultural Economics on the sample of 24 districts (1/3 of the CR). Land prices depend on the area, culture and region of the plot. Sales of small plots (up to 1 ha) prevail. These plots are usually purchased for non-agricultural use and their prices are many times higher than prices of large plots (above 5 ha) which are usually bought for agricultural purpose. Land market is not well developed, only 0.2-0.4% of the monitored area is sold each year. But in the last years, it is increasing. Compared with land prices in the west EU countries, land market prices in the CR are low.

Keywords

• land market
• land price
• area of the plots
• land culture