Land market development after the accession to the EU

Land market has started to develop extremely in the Czech Republic since 2002. The annual sale and purchase of estates represented 0.2% of the total land resources between 1993-2001. The sale and the purchase represented 2.9% of total land resources after 2002 and especially after the EU accession of the Czech Republic. These values of sale are the highest from the EU countries. On the other side, land prices decreased slightly in comparison with the prices before the EU accession. Prices of agricultural land are significantly lower than in the EU-15.