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Library Identification of factors influencing the transaction price of agricultural real estate

Identification of factors influencing the transaction price of agricultural real estate

Identification of factors influencing the transaction price of agricultural real estate

Resource information

Date of publication
December 2015
Resource Language
ISBN / Resource ID
AGRIS:LV2016000279
Pages
688-693

Since 2004, we have witnessed an increased demand in the acquisition of agricultural property, both by individual farmers and entities not previously associated with agriculture. A significant increase in the transaction prices of agricultural real estate in recent years has been caused by the impact of limited agricultural land supply and external factors related to the functioning of Polish agriculture in the economy of the European Community. The value of agricultural real estate is affected by many factors that are taken into account when determining the value of real estate. In the article there is an attempt to identify other conditions resulting from external factors, and the management of agricultural land in terms of Polish membership in the European Union. The analysis included sales of agricultural property from Agricultural Property Agency (ANR) resources (state market) and the private market. The data were obtained from the Central Statistical Office for the years 2005- 2013. Also, an analysis of the regional variations in transaction prices observed at the level of provinces (data for 2013) has been made. As confirmed by the research results, the agricultural real estate market in Poland increasingly depends on external factors (not taken into account when determining the value of agricultural property).

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Authors and Publishers

Author(s), editor(s), contributor(s)

Kurowska, K., University of Warmia and Mazury, Olsztyn (Poland)

Data Provider
Geographical focus