Current Issues of Agricultural Land Market in Slovakia

Abstract

This paper reports on the findings of the study related to the agricultural land purchases in the Slovak Republic from June 1, 2014 till September 30, 2015. The situation is analysed according to the new legislation for the period after the expiration of the moratorium on the purchase of agricultural land by foreigners. We focus on the agricultural land supply and land prices in particular Slovak regions related to the land which has been offered for sale via the Register of Publication of Offers of the Agricultural Land at the web side of the Ministry of Agriculture and Rural Development. Our results show that new legal regulation Act no. 140/2014 Coll. on acquisition of ownership right to agricultural land directly favours certain groups interested in purchasing of land, and limits not only foreigners but also domestic persons interested in purchasing of agricultural land. The land supply prices are higher than the administrative ones in all Slovak regions.

Legislation on land protection in Slovakia

“…The obligatory terms of agricultural land leasing contract are contracting parties, subject of the land lease detailed described and duty to pay the land lease price (Bandlerová, Lazíková, 2018). There are usually five types of land leasing regulation in the EU Member States such as price regulations, tenancy duration regulations, quantity regulations, transaction costs and other relevant regulations (Ciaian et al, 2012).…”