Farming land acquisitions: a quarter of what they were a year ago

Foreign investors left on the Romanian market are willing to pay up to 4,000 euros per hectare, provided that the plot is registered in the land registry book, has all the documents in order and especially if the plots have a common border. Transactions involving farming land, brokered by Gilescu & Partenerii CHSH law firm did not exceed 2,000 hectares in the first five months of this year, whilst the first half of 2008 saw 10,000 hectares of land purchased. “Whereas before the crisis, they used to buy as much as 200-300 hectares a month, now they buy 50-70 hectares. Most prefer to consolidate their infrastructure in parallel, exchange land with other investors in order to have plots next to one another, and start farming works,” Vlad Cirjan, lawyer with Gilescu & Partenerii CHSH law firm, told ZF.