According to our latest Trends Report published for 2023, it is estimated that there will be significant opportunities for large investors in the acquisition of productive rural properties. The study, carried out by our Research team, analyses the situation of rural properties in Spain and points out that, although the rise in interest rates may lead to a decline in the acquisition of agricultural assets by individuals or small companies, it may also represent an opportunity for large investors interested in acquiring fruit and vegetable processing plants and having all the assets necessary for the entire agricultural process.
In this same vein, the report points out that another determining factor will be the ageing of agricultural workers, given that more than 30% of farm owners are over 65 years old and 60% are between 40 and 64 years old. The generational shift may lead to an increase in the sale of large farms.
On the other hand, we also highlight that these investments may be encouraged by changes in the population's lifestyle caused by global political and economic instability, which require a transformation of the current model. This scenario has led to a cultural shift towards local, seasonal and more environmentally sustainable agriculture. To achieve this goal, our report also warns that the sector will evolve towards a more professionalised model and will commit to greater investment in technology, which could be driven by the increased presence of large players in the sector.
The year of agricultural revaluation
The year 2022 has been challenging for the rural sector, mainly due to significant increases in food prices caused by rising energy prices, which have increased production and distribution costs and the costs of other equally important items such as fuel and fertilisers.
However, for this year, 2023, we expect an increase in the price of land used for crops. These forecasts take into account the fact that land prices in our country rose by €56/ha between 2020 and 2021, after stabilising during the previous three financial years.
On the other hand, the data collected in our trends report forecasts an increase in demand for recreational-residential properties due to the rise in teleworking and the population's disinterest in urban and crowded areas, which may further increase the value of these assets.
About us
We are a leading company in the consulting, valuation and technical services sector. With over 25 years of experience, a team of highly qualified professionals and a firm commitment to providing the highest quality service, we have become strategic partners to leading private companies and public entities.
We have a large number of offices in Spain, Portugal and Colombia, and we are also part of the international VRG network, which allows us to operate in the world's leading countries.