The SAFER Aquitaine Atlantique recently published their 2016 rural property review. The vineyard market saw a 16% fall in the total surface area sold, from 3,477 hectares in 2015 (3,461 hectares in 2014) to 2,936 hectares in 2016. The total number of transactions also fell, from 819 in 2015 (803 in 2014) to 708 in 2016, and the total value of transactions fell by 11%, from 282 million Euros in 2015 (353 M€ in 2014) to 249 million Euros in 2016.
The following tables and charts show the breakdown of prices by appellation:
The SAFER made the following observations with regard to the different appellations:
AOC Bordeaux Rouge & Blanc – there was a slight rise in generic AOC Bordeaux vineyard prices, with the best parcels reaching 25,000 €/hectare.
Cotes de Bordeaux – the highest prices were achieved in Cotes de Bourg – 32,000 €/hectare – and Castillon Cotes de Bordeaux – 40,000 €/hectare.
Médoc communal appellations – prices remained stable overall, with Saint-Estèphe seeing a slight progression, although the variation of prices in this appellation remained considerable, from a minimum of 280,000 €/hectare to more than 800,000 €/hectare.
Médoc and Haut-Médoc – the generic Médoc appellations remained attractive to buyers, with prices for the best Haut-Médoc vineyards reaching 125,000 €/hectare.
Graves – this region benefited from an increase in interest that resulted in the average price per hectare increasing from 27,000 € to 30,000 € and a maximum price of 55,000 €/hectare.
Pessac-Léognan – after recent sharp price increases prices remained flat in the absence of any notable transactions.
Sauternes – the market remains very challenging in this appellation.
Pomerol – prices continued to increase in 2016 given the scarcity of opportunities.
Lalande de Pomerol – prices ranged from 170,000 €/hectare to 260,000 €/hectare for the best parcels/properties.
Saint-Emilion – prices continued to vary considerably, from a minimum of 180,000 €/hectare to more than 2 million €/hectare.
Fronsac and Canon-Fronsac – prices continue to rise following a significant number of transactions in these appellations, achieving a maximum of 150,000 €/hectare in Canon-Fronsac.