The price of vineyard land in France has either increased or is stable with one major exception: the Bordeaux and Bordeaux Supérieur appellations, that is the simplest Bordeaux wines. Many chateaux in these two AOPs have had major problems selling their wines in recent years. The vineyards in these appellations have lost more than a third of their value in four years.
The more prestigious appellations of Bordeaux are not affected by this crisis. In Saint Emilion, a transaction at eleven million euro per hectare is under discussion.
Sales of vineyard land in France in 2022 were at a record high and took place mainly in Champagne, Loire, Beaujolais, Jura, and Savoie. A total of 18,400 hectares of vineyards changed hands, just over 2 % of the total.
Prices for AOP vineyards averaged 151,200 euros/ha but dropped to 81,600 euros/ha if we exclude Champagne. Vineyards outside the AOP system could be bought for on average 15,300 euros/ha.
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