the price of farmland   

the sale price of farmland in Corsica

Published at December 1, 2023 by Bernard Charlotin
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the sale price of farmland in Corsica

Updated on 25 July 2023

As every year, we update our articles on the sale prices of farmland and meadows in the Corsican region.

These figures have been provided since 2011 for vacant land and since 2012 for rented land.

CORSE

Vacant land 

Rented land

2011

   

2012

6 250

 

2013

6 785

 

2014

6 480

 

2015

5 075

 

2016

4 650

 

2017

4 630

 

2018

4 980

 

2019

5 180

 

2020

5 790

 

2021

-

 

2022

-

 

Variation 2022/2021

NS

NS

Variation 2022/2012

NS

NS

The price of vacant land in Corsica is not expected to be significant in 2022.

In Haute-Corse, the price of vacant land has risen by 15% to €6,360/ha.

In Corse-du Sud, the price of vacant land is up by a more moderate 9% to €6,540/ha.

The price of rented land is not significant.

The volume of transactions and the surface area sold are also up sharply (+16.9% and +33.8% respectively).

Data source : The data used in this article comes from statistics published by the SAFER relating to plots larger than 70 ares (7,000 m² or 0.70 hectare) and which have been statistically processed by Agreste (the statistical department of the Ministry of Agriculture) and then published in the Journal Officiel in the Barème indicatif de la valeur vénale moyenne des terres agricoles en 2022.

As mentioned, these market prices are purely indicative and in no way oblige you to buy or sell at the rates indicated. If you look at the details of the minimum and maximum values shown, you will see that prices generally vary widely. However, they should be taken into account to avoid any pre-emption with a price revision by SAFER.

Farmland sale prices by department in the Corsica region

Reading these statistics for each département in the Corsica region gives a more accurate picture. Prices are grouped by small agricultural region, with an average price and minimum and maximum prices. 

The agricultural regions in each département correspond to areas with common characteristics, making it possible to produce consistent statistics based on homogeneous data.

The sale price of vacant farmland

The statistics on the sale price of vacant farmland in the départements of the Corsica region concern sales of land that is not rented on the day of the sale. The purchaser of the parcels of land may then, subject to obtaining authorisation to farm under the Control of Structures, farm the land himself as part of a move to a farm or lease it to a farmer.

The sale price of rented farmland

The statistics on the sale price of rented farmland in the départements of the Corsica region concern sales of rented land. The buyer may either be the farmer himself, or a landowner who will continue to rent the land to the farmer.

In some départements, the number of transactions involving this type of land is insufficient to provide reliable statistics.

The price of rented farmland is generally lower than the price of freehold land, with discounts varying greatly from one département and region to another, and can be as high as 30%.

See our article on the price of rented farmland in France since 2012 for information on discounts and the profitability of investing in rented farmland.

 

The sale price of farmland in Corse-du-Sud (2A)

CORSE

  2020 

  2021 

  2022 

Evolution 2022/2021

  Minima 

  Maxima 

CORSE-DU-SUD

5 850

6 020

6 540

  • + 9 %

 

 

LITTORAL CORSE

6 680

7 370

7 650

  • + 4 %

NS

NS

COTEAUX CORSES 

5 610

5 550

6 100

  • + 10 %

NS

NS

MONTAGNE CORSE 

NS

NS

NS

  • NS

NS

NS

The number of transactions involving leased agricultural land in Corse-du-Sud (2A) is insufficient to allow meaningful statistics to be extracted.

 

The sale price of farmland in Haute-Corse (2B)

CORSE

  2020 

  2021 

  2022 

Evolution 2022/2021

  Minima 

  Maxima 

HAUTE-CORSE

5 780

5 550

6 360

  • + 15 %

 

 

LITTORAL CORSE

6 810

7 040

8 010

  • + 14 %

NS

NS

COTEAUX CORSES 

5 840

5 060

5 650

  • + 12 %

NS

NS

MONTAGNE CORSE 

3 090

2 590

3 320

  • + 28 %

NS

NS

The number of transactions involving rented agricultural land in Haute-Corse (2B) is insufficient to enable meaningful statistics to be extracted.

 

Our articles on farmland prices in France

We present comprehensive statistics on land prices.

We analyse land prices at the time of publication of the official SAFER figures:

In addition to these annual statistics, we publish articles analysing changes in land prices over much longer periods: 

This latest series presents more detailed prices for each region since 1999:


Please contact us if you need any help interpreting these figures.

These figures are updated every year following publication by Agreste (the Ministry of Agriculture's statistics department) of the official land price figures, which are derived from SAFER statistics.

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