Vineyard land prices in Cartizze are ‘crazy’

The price of vineyard land in the jewel in Prosecco’s crown – Cartizze – have spiraled out of control in recent years, one producer has admitted.

Paolo Bisol with his prized piece of land in Cartizze

Paolo Bisol with his prized piece of land in Cartizze

Speaking to the drinks business during a recent visit to the region, Paolo Bisol, winemaker at Ruggeri, said: “It’s crazy that the vineyard land in Cartizze is more expensive than land in Barolo.

“The price for a hectare of land is currently around €1.8m, but it’s a theoretical price as land almost never comes up for sale. The last sale was two years ago.

“People aren’t making their money back from the wines but it’s more a case of tradition and history than profits. I paid €200 per square metre for our plot as I wanted land there.

Cartizze spans 107 hectares, within which around 140 producers own land, the majority of whom own less than a hectare as the area is so prized.

At €1.8m, the price for a hectare of land in Cartizze is higher than the average price of a hectare in Champagne, which currently stands at around €1.2m.

Grape prices in Cartizze are also much higher than the rest of the Prosecco DOCG region at around €4.50 per kilo verses around €2.50.

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