5 August 2019
The Ribera del Duero wine region is in the midst of a boom, with production fully sold before harvest. The area produced 133 million tons of grapes, the second largest haul in history from a total of 23,200 hectares of vineyards and 8,300 wine growers. The grapes supplied 315 wineries classified under the Denomination of Origin (DO).
While some investors think that the price of land in the region has risen too far too fast, the profile of buyers these days is undergoing a sea change as more professional winegrowers and entrepreneurs are looking to buy land. Thus, prices are expect to continue to increase, but at the more sedate, estimated range of between 5 and 6 percent per year.
Original Story: El Confidencial – Graciano Palomo
Adaptation/Translation: Richard D. K. Turner