Agricultural Land Prices in Bulgaria rise 14.6% in 2017
The average price per one decare of agricultural land in Bulgaria rose by 14.6% year-on-year to 872 BGN ($543.6/445.8 euro) in 2017, the National Statistical Institute (NSI) said on Tuesday.
The price of arable land rose 13.0% to 870 BGN per dca in 2017, while the price of permanent grassland fell 3.4% to 262 BGN per dca, NSI said in a statement. The highest price of agricultural land was in Bulgaria's northeast region - 1,401 BGN per dca.
Agricultural land prices rose the most, by 83.4%, in the southwest region, but still remained the lowest in the country - 406 BGN per dca. The average rent price per one dca of leased agricultural land rose by an annual 4.5% to 46 BGN in 2017. Rent prices of arable land increased 6.8% to 47 levs, while rents of permanent grassland grew 6.7% to 16 BGN.
Source: See News
- » Bulgarian Euroins Insurance Group to Launch Georgian Insurance Market
- » Wizz Air Adds Another Plane and 35 Jobs in Varna
- » Cloud Computing Services Used by More Than One Out of Four Enterprises in the EU
- » CNN Travel: Plovdiv is One of the Most Fascinating Places in Europe
- » EU Parliament Approves Huge Japan Trade Deal
- » BGN 1.35 Billion will be Allocated for 134.2 km of Hemus Motorway