The price of Bordeaux vines since 1991

Updated on 25 July 2023

Like every year, we update our articles on the sale prices of vineyards in France and more particularly in the Gironde department in the Bordeaux vineyards.

You will find wine estates for sale on our site. You will also find vineyard plots for sale in the Property category. Finally, if you are interested in buying shares in a Groupement Foncier Viticole, you can also visit the Property category.

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 the SAFER.

Vineyard prices in Bordeaux since 1991

Prices in thousands of euros per hectare

Over the last 30 years, the price of vines in Bordeaux has evolved through 4 major phases, and a new phase is undoubtedly beginning:

1. A price correction between 1991 and 1995: In 4 years, the price of vines fell by 22% from €47,000 to €37,000 per hectare, reflecting the difficulties encountered by the market.
2. An increase between 1995 and 2002: The price of vines in Aquitaine then rose sharply, reaching €69,000 in 2002, an annual increase of 12%.
3. A further fall between 2002 and 2006: This sharp rise at the end of the 20th century led to a sharp correction, reaching €58,000 in 2006 (-16% in 4 years).
4. Increase from 2006 to 2021: Since 2006, the average price of vines in the Gironde has risen sharply, reaching €132,000 in 2021, an increase of almost 7% per year.
5. The start of a long-term decline? The year 2022 will see a marked fall (-3%) in the price of vines in Bordeaux, as a result of the crisis in wine marketing that the vineyards are experiencing. It is still too early to know the extent of the fall in prices, which will depend on developments on the world market and the measures taken by winegrowers (notably mass grubbing-up of vines) to get through this difficult period.

The example of the Bordeaux vineyards is very special. It is a market in which a large proportion of buyers and sellers are international. The transaction market is therefore directly impacted by the global financial and political situation. Driven for 15 years by a strong Chinese clientele, vineyard prices have risen sharply. The scarcity of these buyers and increased competition from other wine-growing regions is having a major impact on the vineyards and, consequently, on the sales market: prices are falling and the number of sales is falling.

The price of vines in Gironde

Our articles on vine prices in France

We present comprehensive statistics on vineyard prices in France.

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

• The price of vines in France in 2022

This last series gives you more detailed prices for each vineyard:

• Cognac
• Alsace
• Bordeaux
• Bourgogne-Franche Comté
• Champagne
• Corsica
• Languedoc-Roussillon
• Sud-Ouest
• Val de Loire
• Vallée du Rhône - Provence

Please do not hesitate to contact us if you need help interpreting these data.

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.