Price of Agricultural Land in Bulgaria Increased by 8.6% in 2013
The average price per one decar agricultural land in Bulgaria reached BGN 594 in 2013, which was 8.6% higher than in 2012, National Statistical Institute latest data reveals.
In comparison with previous year, the highest increase was recorded in the price of vineyards - by 21.8%. The increase in the price of arable land was by 11.7% and in orchards - by 5.1%.
Only for the permanent grass land a decrease of price by 8.8% was registered. Though there was some decline in 2013 in comparison to previous year, the highest price of agricultural land was the in Northeast region – BGN 827 per one decar. In comparison to the previous year, the highest increase in the land price per one decar was registered in the Southeast region – by 38.7%, while in the South central and Southwest region a decrease was registered - respectively by 1.9% and 35.0%.
The average rent price per one decar leased agricultural land in 2013 reached BGN 38, which was by11.8% higher than in 2012. In comparison to the previous year, the highest increase was in the price of vineyards – by 61.9%. Thus, in 2013 the vineyards exceeded the price for orchards and approached the arable land price.
In 2013 the highest price per one decar leased agricultural land was in Northeast region - BGN 58, which was more than three times higher than the value in Southwest region and two times higher than Southeast region. Increasing of rent payment in comparison to the previous year was observed in all statistical regions.
- » Bulgarians Spent BGN 200M on Property in June - Brokers
- » Class A Office Space Rental Rates in Sofia Record 8.3% Growth Y/Y
- » Bulgaria's Dwelling Prices Increase in Q2 2014
- » Property Deals On The Rise, Russians Buy Less
- » Bulgaria – Favourite Real Estate Market of Russian State Officials
- » Bulgaria's Real Estate Market Up 15% in June