Valuating Agricultural Land. Quality really matters!

Working for over 21 years in Slovakia with land related projects I am often surprised by the wide variety of prices that are asked for and also paid for agricultural land. For sure, a lack of reliable information (transaction prices are not publicly available in Slovakia) is an important reason for this variety in prices. Another trend is that Slovak sellers try to base their asking price on prices paid in other countries without paying a close look at the quality of their own land. Sellers also often forget that foreigners (also EU residents) are mostly, by law, excluded from buying land in Slovakia making the market less transparent and less liquid. [Read more...]