The price of Bordeaux vines since 1991

Updated on 27 August 2024

As we do every year, we are updating our articles on vineyard sale prices in France, and more specifically in the Gironde department in the Bordeaux vineyards.

Contents
1. Vineyard prices in Bordeaux since 1991
     1.1. The price of vines in Gironde
     1.2 The price of vines in the Dordogne
     1.3 Vineyard prices in Lot-et-Garonne
2. Our articles on vine prices in France

As mentioned, these market prices are purely indicative and in no way oblige you to buy or sell at the rates indicated. If you look at the details of the minimum and maximum values shown, you will see that prices generally vary widely. However, they should be taken into account to avoid any pre-emption with a price revision by the SAFER.

Vineyard prices in Bordeaux since 1991

Prices in thousands of euros per hectare

Over the last 30 years, the price of vines in Bordeaux has evolved through 4 major phases, and a new phase is undoubtedly beginning:

1. A price correction between 1991 and 1995: In 4 years, the price of vines fell by 22% from €47,000 to €37,000 per hectare, reflecting the difficulties encountered by the market.
2. An increase between 1995 and 2002: The price of vines in Aquitaine then rose sharply, reaching €69,000 in 2002, an annual increase of 12%.
3. A further fall between 2002 and 2006: This sharp rise at the end of the 20th century led to a sharp correction, reaching €58,000 in 2006 (-16% in 4 years).
4. Increase from 2006 to 2021: Since 2006, the average price of vines in the Gironde has risen sharply, reaching €132,000 in 2021, an increase of almost 7% per year.
5. A market in crisis since 2021: The crisis of overproduction in the wine industry has led to a fall in prices since 2022. This is the result of the crisis in wine marketing that the vineyards are experiencing. It is still too early to know the extent of the fall in prices, which will depend on developments on the world market and the measures taken by winegrowers (notably mass grubbing-up of vines) to get through this difficult period.

The example of the Bordeaux vineyards is very special. It is a market in which a large proportion of buyers and sellers are international. The transaction market is therefore directly impacted by the global financial and political situation. Driven for 15 years by a strong Chinese clientele, vineyard prices have risen sharply. The scarcity of these buyers and increased competition from other wine-growing regions is having a major impact on the vineyards and, consequently, on the sales market: prices are falling and the number of sales is falling.

The price of vines in Gironde

The price of PDO vines is down by 4.3% compared with 2022. The fall is very sharp for some appellations, but prices remain stable for the most prestigious appellations.

The trend in vineyard prices since 1991 is also very uneven across the appellations. The most prestigious appellations have seen their value soar, while the more common appellations are still at a significant discount.

The price of vines in the Dordogne

Le prix des vignes a progressé très légèrement en Dordogne en 2022.

The price of vines in Lot-et-Garonne

The price of vines in the Lot-et-Garonne region has fallen sharply (-21.4%), due to the spectacular fall in the price of Buzet vines (-35%).

Our articles on vine prices in France

We present comprehensive statistics on vineyard prices in France. We analyse land prices at the time of publication of the official SAFER figures and the publication of the ‘Barème indicatif de la valeur vénale moyenne des terres agricoles’ by the Ministry of Agriculture:

• Vineyard prices in France since 1991
• The price of vines in France in 2023

The following articles give you more detailed prices for each vineyard and appellation:

• Alsace
• Cognac
• Bourgogne-Franche Comté
• Champagne
• Corsica
• Languedoc-Roussillon
• Sud-Ouest
• Loire Valley
• Rhône Valley - Provence

Please do not hesitate to contact us if you need help interpreting these data.