Agrifrance*, a specialist division of BNP Paribas Wealth Management, has just published its special report on France’s rural land market, this year comparing it with the market in Britain.
The main findings of the report:
- Agricultural land in the United Kingdom occupies 17.3 million hectares, versus 26 million hectares in France. With an equal population, there are half as many farms in Britain as in France.
The United Kingdom nevertheless remains a major agricultural country. In Europe, it is the leading beef producer and ranks third for wheat or dairy.
- Forest covers only 13% of the territory or 3.1 million hectares, compared with 30% in France or 17 million hectares. As a result of a forestry incentive policy, timber prices are rising and demand for timber is strong.
- Vineyards, with 2,000 hectares planted, obviously take up less land than in France, which has 786,000 hectares planted, but they have recently attracted a great deal of attention.
A more limited market, where grasslands account for two-thirds of surface area
Prices that have risen sharply over the last 20 years
About Agrifrance Agrifrance is the specialist rural property division of BNP Paribas Wealth Management, Wine making properties, beautiful prestige homes, agricultural fields, forest areas. With more than 40 years of experience in this area, Agrifrance supports its clients in their heritage approach. With its network of recognised professionals, Agrifrance is also able to provide complementary services such as expertise in and management of rural properties.
For almost 20 years, Agrifrance has been producing an annual report that provides insight into rural land investment. This year, the study focuses on the rural land market in Britain.
Agrifrance is one of the asset diversification services proposed by BNP Paribas Wealth Management alongside Private Equity, Real Estate and Art Advisory…
About BNP Paribas Wealth Management BNP Paribas Wealth Management is a leading global private bank and the largest private bank in the Eurozone. Present in three hubs in Europe, Asia and the United States, it employs over 7,000 professionals who support private investors in protecting, growing and passing on their assets, bringing long-term value to themselves, their families and society. The bank has €361 billion worth of assets under management (as at 31 December 2018) and was name ‘Best Private Bank for Entrepreneurs’ in 2016 and 2017.
Press contact at BNP Paribas Wealth Management
Servane Costrel de Corainville: +33 (0)6 74 81 98 27 – firstname.lastname@example.org