Spain’s dryland vineyard prices fell 3.3% in 2025 after four years of growth

National averages diverge

The average price of Spanish dryland vineyard land used to grow wine grapes for processing fell 3.3% in 2025 to €14,844 per hectare, ending four consecutive annual increases. Irrigated vineyard land rose 0.3% to €17,790 per hectare, while the combined average for all vineyard land slipped 0.1% to €16,317, according to the Agriculture Ministry’s 2025 Land Price Survey and a report by the Spanish Wine Interprofessional Organization, OIVE.¹

These figures measure land values rather than revenue from grapes or wine, and they are not a direct measure of farm profitability. Although the national average changed little from 2024, it concealed substantial differences among regional markets: La Rioja recorded the steepest dryland fall, at 11%, while Aragón posted the largest irrigated increase, at 35.6%.¹

Five-year trends and the irrigation premium

The dryland average declined by €514 per hectare from €15,358 in 2024. Before 2025, it had increased every year since 2020, when it stood at €14,023; despite the latest decline, the 2025 price remained 5.9% above the 2020 level.¹

The irrigated average increased by €55 per hectare from 2024 but remained below the €18,802 recorded in 2023. The difference between irrigated and dryland land widened from €2,377 per hectare in 2024 to €2,946 in 2025, and the irrigated premium expanded from 15.5% to 19.8%.¹

The combined 2025 average was €478, or 2.8%, below the recent peak of €16,795 per hectare reached in 2022. Between 2020 and 2025, dryland prices rose 5.9%, irrigated prices fell 5.3%, and the combined average declined 0.9%. The ministry notes that one statistical base applies through 2019 and another from 2020, a change that must be considered in longer-term comparisons.¹

Regional breadth and the highest-priced markets

Among the 14 autonomous communities reporting dryland data, nine registered declines in 2025, four recorded increases, and one was unchanged. Irrigated figures were available for eight regions: five rose and three fell. Blank cells in the ministry’s tables do not support assigning either a price or an annual change to other territories.¹

La Rioja posted the largest declines in both categories. Its dryland price fell 11% from €40,155 to €35,723 per hectare, a decrease of €4,432, while irrigated land dropped 8.7% by €3,870 to €40,639. La Rioja nevertheless retained the survey’s highest listed irrigated price. Compared with 2020, its dryland and irrigated values were down 11.3% and 13.1%, respectively.¹

The Canary Islands had the highest listed dryland average, €64,950 per hectare, unchanged from the previous reading; according to the report, the ministry has not updated that figure since 2021. Galicia followed at €59,227, down 2.1% or €1,246 per hectare, and the Basque Country stood at €53,828, down 6.3% or €3,597. Both remained well above the national dryland average.¹

The least expensive land and Aragón’s surge

Murcia had the lowest dryland price, €5,239 per hectare, despite a 2% annual increase. On the ministry’s listed figures, dryland vineyard land in the Canary Islands cost 12.4 times as much as in Murcia. Murcia also had the lowest irrigated price among the eight reporting regions, €10,037 per hectare, up 2.6%.¹

Aragón recorded the largest percentage increases in both categories. Dryland land rose 9% to €6,694 per hectare, while irrigated land surged 35.6% from €8,111 to €10,997, an annual gain of €2,886. Both prices remained below their respective national averages, although Aragón’s irrigated value increased 54.4% between 2020 and 2025.¹

Contrasting movements in major regions

Castilla-La Mancha’s dryland average fell 4.7% to €7,369 per hectare, whereas its irrigated average rose 0.5% to €14,830. The €7,461 difference made irrigated land slightly more than 2 times as expensive as dryland land. Against 2020, dryland prices were 3.5% higher and irrigated prices 2.6% lower.¹

In Extremadura, dryland land declined 4.5% to €12,401 per hectare, while irrigated land increased 9.3% to €20,536. That rise ended consecutive annual declines from 2021 through 2024, although the irrigated price remained 17.6% below the €24,915 recorded in 2020.¹

Castilla y León’s dryland price rose 5.7% to €14,315 per hectare, but its irrigated price fell 7.4% to €22,883, a loss of €1,833 from 2024 and the fifth consecutive annual decline in that category. From 2020 to 2025, dryland land gained 28.8%, rising from €11,111, while irrigated land lost 30.6%, falling from €32,950.¹

Navarra recorded more moderate decreases: dryland land fell 1.4% to €14,100 per hectare and irrigated land slipped 1.1% to €32,372. Its irrigated land was the survey’s second most expensive, behind La Rioja.¹

Other regional changes and the longer view

Dryland prices fell 3.1% to €22,030 per hectare in Catalonia and 3.2% to €12,094 in Madrid. In the Valencia region, dryland land declined 1.9% to €11,598, while irrigated land rose 1.1% to €17,661. Compared with 2020, Valencia’s dryland price was 22.1% higher and its irrigated price 24.4% higher.¹

Andalusia, for which the cited ministry table supplied no irrigated figure, registered a 0.9% increase in its dryland price to €19,286 per hectare. This was 18.9% above its 2020 level.¹

OIVE’s longer series indicates that Spain’s vineyard prices have occupied a relatively narrow range in recent years despite much larger regional swings. The combined national average has remained above €16,000 per hectare since 2018, and 2022 remains the series high. In 2025, the broadly stable national result encompassed steep losses in La Rioja, rapid growth in Aragón, and persistent disparities between the most and least expensive vineyard markets.¹