Table 1

Descriptive Statistics of LGSA and BVVG Land Auctions, 2007-2018

Seller: LGSA (926 Transactions)Seller: BVVG (2,973 Transactions)
MeanMed.SDQ01Q99MeanMed.SDQ01Q99
Lot Characteristics
Lot size (ha)  7.38  8.34  3.21  0.19  13.33  4.92  3.42  4.84  0.07  20.83
Soil quality (index)67.2371.0021.4622.93  99.0050.2346.0020.5018.17  97.00
Share of arable land (%)86.89  98.224.59  0.00100.0068.9991.6039.30  0.00100.00
Share of grassland (%)10.02  0.0023.17  0.00100.0024.99  0.0037.46  0.00100.00
Share of other land (%)  3.09  0.00  6.73  0.00  34.45  6.03  0.5010.69  0.00  47.33
Auction Characteristics
Number of bids (count)  4.52  4.00  2.36  1.0012.75  4.22  4.00  2.41  2.0013.00
Winning bid (€/m2)  1.88  1.73  1.19  0.27  4.70  1.45  1.17  0.98  0.26  4.41
Right Holder
Submitted bid (0/1)  0.73  1.00  0.44  0.00  1.00
Exercised RFR (0/1)  0.59  1.00  0.49  0.00  1.00
Won by own bid (0/1)  0.11  0.00  0.32  0.00  1.00
Rejected RFR (0/1)  0.30  0.00  0.46  0.00  1.00
  • Note: Due to data privacy regulations, the table does not include information about the minima or maxima. RFR, right of first refusal.