Europeans looking for their off-grid bug-out location could consider Hungary and Romania – farmland prices there are still very low.
In neigbouring Austria a growing army of farmers are buying land in the two relatively poor former members of the Eastern bloc. At the moment they have the market pretty well to themselves.
Harald Strassner from Pöttsching, a consultant for Austrian investors looking for Romanian land said those that have so far taken the move have had only positive results.
Strassner is himself an organic farmer who for several years has had land in Hungary and now together with other farmers in Burgenland has expanded to buy land in Romania.
He currently manages 630 hectares of land in south-west Romania. He said it was an exciting challenge and Romania was absolutely safe for people hoping to invest there. He said: “The bureaucracy is difficult and they certainly aren’t organised, but everything is quite possible.”
He is working together with a Romanian partner Vlad Nicula who said: “We are learning a lot from each other.”
Since it was privatised in the 1990s Romanian agriculture has been organised on a very small scale, with around 10 million hectares of agricultural land mainly in smallholdings and with only about half currently being used.
Even the relatively good quality farming land works out extremely cheap. And that is attractive for investors, said Strassner.
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7 Responses
You are without questions right!!! Hungarian land if for the Hungarians, not Austrians, Germans, Russians!! It is for Hungarians!!!
People who see agricultural land as nothing more than a ‘get rick quick’ scheme have basically driven 4th generation farmers in Canada off land that provided local food for citizens. HATE TO SEE THAT SELFISH MENTALITY SPREAD.
We have a house on the edge of the city by the gardens/farms. [Actually have a strip of garden/farm land that is more than enough for a family who would want to go organic.]
Houses here are made up of brick, our house is over a foot thick brick wall.
Looking at selling and moving back stateside.
Where is this property located? How much land is with it, how many bedrooms in the house, are there any outbuildings, garage-workshop, and place for animals like chickens? Is the home secluded, or surrounded by other houses? I am looking for a place that is not neighboring with other houses. Tervezünk vissza költözni Magyarországra. Jobban kitudunk jönni anyagilag ott mint itt Kanadában nyugdíjba vonulásunk után. Csendes, nyugott falusi ( tanyasi) környezetre vágyunk, olyan helyet keresünk ahol megtudjuk oldani a vizet furt kútból, és az energiát szoláris elemeken keresztűl.
tisztelettel üdvözlöm,
my best reguards,
Tibor
Well said Attila !
But Land grabbers exist as long as the monetary system and before that.
You are without questions right!!! Hungarian land if for the Hungarians, not Austrians, Germans, Russians!! It is for Hungarians!!!
Dear Austrian investors,
Please keep your money in Austria and stop planning and buying land in Romania, Hungary. Let Romanian and Hungarian people develop and conserve their land, for their food security. What you do is called land grabbing, and it is a disaster for the local populations. What is the difference between you and large landgrabbers in Africa? Nothing. Speculation should have nothing to do when it comes to food and land!