Prices reach 400,000 euro per hectare for a Brunello vineyard
Montalcino confirms itself in first place yet again, where a hectare of a vineyard in Brunello varies from 350,000 to 400,000 euro. Bolgheri is in second place, with vineyards ranging between 250,000 and 300,000 euro, while in Montepulciano prices start at 130,000 and finish at 150,000 euro. A vineyard in Chianti Classico will set you back 120,000-130,000 euro for a hectare, with prices reaching 150,000 for the most sought-after estates in historic subzones, specifically in the Siena area. These are the estimates published on the Winenews website in view of the “Anteprime di Toscana” wine preview events (from February 12 to 20) and Buy Wine organized by Toscana Promozione (held in Florence on February 12 and 13).
Also according to Winenews a hectare of vineyard in Morellino di Scansano costs approximately 100,000 euro, 80,000 in Chianti and up to 100,000 around Rufina. Tuscan vineyards are especially sought after by investors, both national and international, and this has helped to keep their value high over the years, unlike the fate of other farmland. A hectare of vineyard in Italy is sold for 36,000 euro on average, particularly expensive if one consider that a hectare of other farmland costs less than 20,000 euro (source: Inea-Istituto Nazionale di Economia Agraria). And there’s more: in recent years, due to the financial crisis, even property has taken a hit, while vineyards seem to have resisted the downward trend.