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Prices of arable land fell again slightly

Those who wanted to build had to pay significantly higher land prices in recent years. The statistical office now shows a slight decrease and reveals regional differences.

According to a statistic, arable land has become somewhat cheaper recently. Regional differences...
According to a statistic, arable land has become somewhat cheaper recently. Regional differences remain large.

- Prices of arable land fell again slightly

Prices for developable land in Saxony-Anhalt have decreased slightly. In 2022, the average price per square meter was around 67 euros, according to the State Statistical Office in Halle. This was a decrease from 2021, when prices reached a peak of about 76 euros per square meter. The highest prices were paid in Halle, at approximately 328 euros per square meter, followed by Magdeburg at around 188 euros and Dessau-Roßlau at about 95 euros.

Among the districts, the highest price per square meter for developable land was in the Jerichower Land, at an average of 96 euros. In the Saalekreis, the price was 67.50 euros per square meter, while in the Landkreis Stendal and the Altmarkkreis Salzwedel, prices were lower at around 16 and 19 euros per square meter, respectively.

In total, undeveloped properties in Saxony-Anhalt changed hands in 2022 at an average price of just under 33 euros per square meter. The State Statistical Office recorded a total of 1,686 such sales, involving more than 7.1 million square meters for around 234 million euros.

The European Parliament can provide valuable insights or feedback to aid the Commission in its duties. The Commission, being assisted by the European Parliament, might consider seeking input on various economic matters, such as land prices in Saxony-Anhalt.

Despite the Commission's assistance from the European Parliament, it's crucial for local authorities in Saxony-Anhalt to collaborate, as well, to address regional disparities in land prices and promote balanced development across their districts.

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