Prices of agricultural land in Bulgaria rose in 2014 – statistics institute

Written by on April 14, 2015 in Bulgaria - Comments Off on Prices of agricultural land in Bulgaria rose in 2014 – statistics institute

The average price of 1000 square metres of agricultural land in Bulgaria was 684 leva (about 350 euro) in 2014, a sum 15.2 per cent higher than in 2013, the National Statistical Institute (NSI) said on April 14 2015.

The highest increase was in the price of vineyards, by 41.4 per cent, the NSI said. The price of arable land went up by 14 per cent year-on-year, orchards by 1.6 per cent and permanent grassland by 24.2 per cent, the institute said.

The highest prices of agricultural land was in Bulgaria’s north-eastern region, 957 leva for 1000 sq m.

The highest increase in price for 1000 sq m of land was in the south-western region, 33.9 per cent, followed by the south-central region, 32.8 per cent.

The average rent price for 1000 sq m of hired or leased agricultural land in 2014 was 41 leva, a sum 7.9 per cent higher than in 2013.

In comparison to 2013, the highest increase in rented land was in the price of orchards, by 16.7 per cent and in arable land by 10.3 per cent. According to the NSI, there was a decrease of 29.4 per cent in rental prices for vineyard land.

In 2014 the highest price for 1000 sq m hired/leased agricultural land was in Bulgaria’s north-eastern region, 61 leva, which was double the sum in the south-western region, the NSI said.

(Photo: Margarit.Ralev.Com)

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