There is a rush to buy in the better known regions and with minor possibilities of expansion, but certain excellent vineyards still have convenient prices
Read for you by Donatella Cinelli Colombini
Foreign buyer shunt for Italian vineyards: not only people from the US and northern Europe as in the past but also millionaires from Bric nations.
So we have Russians who buy up the historic Gancia di Canelli winery, the Brazilian banker Andrè Santos Esteves who buys the Tenuta di Argiano in Montalcino. A few days ago some South Africans planted their flag near the Monna Lisa – La Gioconda- Vignamaggio villa in the heart of Chianti Classico. But there are also buyers from China around and this keeps the prices high both of the big estates and of the small, which are more prestigious regardless, that the number of estates on sales is higher than ever before.
The prices of “villa with Vineyard” are stable, this type permits one toassociate to a wine production their holidays in Italy with family and friends. The report published by Knight Frank the major consulting and real estate society in the world, indicates for this type, an increase of 20% in 2013 in Tuscany. But let’s go back to the vineyards using the report by Wine News for Vinitaly a few days ago and a previous one by Giorgio dell’Orefice for the “Il Sole 24 ore” based on information by Assoenologi: the prices vary enormously: the most expensive are in Alto Adige from 800-550.000€ the hectare, straight after the Cannubi hill in Barolo where the vineyards costs 700.000€ per hectare. The best land in Prosecco –Conegliano and Valdobbiadene tank to the enormous commercial boom, have prices around 4-500.000€ while in Amarone 480.000€ and in Valpolicella 550.000€. In Veneto as in Trentino the prices decrease to 350-300.000€ outside of the top areas. Read more…