Land sales 2012

The sales of farmland in Uruguay in the first half of 2012 show a decline in number of transactions and an increase in prices of 7%. According to statistics of the Ministry of Agriculture the average price per hectare for land sold in 2012 is $ 3.419 USD per hectare. The average price for farmland for properties with values over $ 5.000 USD per hectare (this means commercial crops) is $ 7.698 USD per hectare. So far 35 transactions have taken place with properties between 500 and 1000 hectares, 12 transactions concerning properties between 1000 and 2000 hectares and another 12 transaction regarding properties over 2.000 hectares.