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Latin American And Caribbeansee-moreReal Estate Newssee-moreUruguaysee-moreFarmland Sales in Uruguay up by 10% in 2013

Farmland Sales in Uruguay up by 10% in 2013

Farmland Sales in Uruguay up by 10% in 2013

Farmland sales in Uruguay totaled a record 1.3bn dollars in 2013, involving 1.868 operations and 370.927 hectares, which is 10% more than in 2012, according to the Ministry of Agriculture, Livestock and Food ministry's Stats Office, DIEA. Uruguay's farmland covers approximately 17 million hectares and the most dynamic buyers are the pensions funds, says the report.

According to DIEA the average hectare price was also record last year: 3.519 dollars compares to 3.473 dollars the previous year. The 1.3bn dollars, and number of operations of last year, finished with the 2008 record of 1.26bn dollars and represented far less operations compared to the 2.959 of 2008 and also involved half the hectares of 2012, 684.000.

The majority of operations, 69% were farms in the range of 10 to 100 hectares, while 34% involved areas larger than 2.000 hectares.

[Source: Mercopress - read the full article]

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