Vineyard prices in France always show large regional differences. Most notable right now is the drop in value in Bordeaux. Vineyards with AOP Bordeaux (the appellation for the most inexpensive Bordeaux wines) and planted with red grapes are down to 9,000 euros per hectare. They have lost 45% of their value in five years.
Graves also continues to decrease and is now at 26,000 euros per hectare. The most prestigious communes of the Médoc (Margaux, Saint Julien, Pauillac) are doing better and prices are stable. The average price here is 1.5 million euros/ha and can go up to close to 2.5 million for Margaux.
In summary, vineyard prices have increased in 2023 in Burgundy, Beaujolais, Savoie, Jura, Alsace, Champagne, and the Loire Valley.
They have declined in Bordeaux, the Southwest and Languedoc and are stable in Provence and the Rhône Valley.
Average prices per hectare for AOP are 153,500 euros or 82,200 euros if you exclude Champagne. For vineyards that are not AOP, the price is 15,000 euros.
In 2023, the number of transactions also decreased (-7.6%) for an area that is also in decline. Last year, only 16,000 ha of vineyards changed hands in France, a decrease of almost 13% compared to 2022.
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