Spanish Vineyard Land Prices Edge Up to €16,327 per Hectare in 2024 Amid Regional Swings

The Spanish Ministry of Agriculture, Fisheries and Food has released the latest Land Price Survey, providing data for 2024. According to figures analyzed by the Interprofessional Wine Organization of Spain (OIVE), the average price for vineyard land in Spain reached 16,327 euros per hectare this year. This represents a slight increase of 0.5% compared to 2023, or 75 euros more per hectare. Since 2018, the average price for vineyard land has remained above 16,000 euros per hectare, with only minor fluctuations. The highest figure recorded in recent years was in 2022, when the average reached 16,795 euros per hectare.

The survey tracks the evolution of both dry-farmed and irrigated vineyards across Spain’s autonomous communities. In 2024, irrigated vineyards continued to command higher prices than dry-farmed ones, with an average of 17,735 euros per hectare—a decrease of 5.7% from last year. In contrast, dry-farmed vineyards averaged 15,358 euros per hectare, up by 1.4%. Compared to 2023, the price for dry-farmed vineyards increased by 211 euros per hectare, while irrigated vineyard prices dropped by 1,067 euros.

Looking at long-term trends since the year 2000, dry-farmed vineyard prices have grown at an average annual rate of 0.8%. Irrigated vineyards have seen a slower growth rate of just 0.2% per year on average. Overall, the combined average price for all vineyards in Spain has increased by about 1.2% annually so far this century.

Regional differences remain significant. For dry-farmed vineyards in 2024, the Canary Islands reported the highest average price at 64,950 euros per hectare, although this figure has not been updated since 2021. Galicia followed with an average of 60,473 euros per hectare—a decrease of 5% from last year—while the Basque Country saw a rise to 57,425 euros per hectare (up by 3.4%). La Rioja also experienced an increase to 40,155 euros per hectare (up by 2.6%).

At the other end of the spectrum, Murcia had the lowest average price for dry-farmed vineyards at just 5,137 euros per hectare (down by 4.3%). Aragón and Castilla-La Mancha also reported low averages at 6,140 and 7,345 euros per hectare respectively—both below the national threshold of 10,000 euros.

Several regions saw notable increases in dry-farmed vineyard prices compared to last year. The Valencian Community rose by nearly eight percent to reach an average of 11,821 euros per hectare. Andalusia increased by a similar margin to reach 19,122 euros per hectare. Castilla y León and Extremadura also posted gains of over four percent each.

Some regions experienced declines in their average prices for dry-farmed vineyards. Besides Galicia and Murcia, Madrid saw its average drop by almost nine percent to settle at 12,496 euros per hectare.

Since the start of this century, all autonomous communities except the Canary Islands and Castilla-La Mancha have increased their average prices for irrigated vineyards. The largest annual growth rates over the past twenty-four years were seen in La Rioja (up by three percent annually), Extremadura and the Basque Country (both up by about 2.8%), Catalonia (2.5%), and Galicia (2.3%).

For irrigated vineyards specifically—with data available since only 2020 for some regions—La Rioja led with an average price of 44,509 euros per hectare in 2024 despite a decrease of three and a half percent from last year. Navarra followed with a slight increase to reach an average of 32,745 euros per hectare. Other regions such as Castilla y León (24,716 euros), Extremadura (18,793 euros), Valencia (17,476 euros), Castilla-La Mancha (14,753 euros), Murcia (9,786 euros), and Aragón (8,111 euros) all reported decreases compared to last year.

Since 2020, only Valencia (+5.3% annual growth), Aragón (+3.3%), and Navarra (+1.4%) have managed to increase their average prices for irrigated vineyards; other regions have seen declines.

These figures reflect ongoing changes in Spain’s wine sector as land values respond to market conditions and regional dynamics across both traditional and emerging wine-producing areas.