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Growing demand for vineyards

2014 marked another year of solid growth in vineyard values.

The Knight Frank Global Vineyard Index has recorded another year of solid growth in vineyard values, with wine-making regions in the US and New Zealand leading the rankings.

Kate Everett-Allen, Partner, International Residential Research at Knight Frank said, ‘Sonoma County in the US recorded the strongest price growth with vineyard values rising by 17.9% in the 12 months to June.’

Indeed, vineyards continue to be seen as a worthwhile investment by those looking to broaden their property portfolio and follow a passion. The survey suggests vineyards are acquired by a mix of buyers: some are purchased as early retirement projects and others are purchased as holiday homes, visited three or more times each year, with a manager employed to oversee the day-to-day running of the estate, including both production and sales.

Further key findings:

  • The price of a lifestyle vineyard increased by 4.5% on average in the year to June 2014, down from 6.8% last year
  • Sonoma County in the US recorded the strongest increase in vineyard prices year-on-year, rising by 17.9%
  • Asian buyers are looking beyond Bordeaux to the US, Italy, New Zealand and Australia
  • France and Italy are still top of buyers’ wish lists, some regions such as Piedmont have seen prices decline creating potential buying opportunities

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