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Average agricultural land price per 1000 sq m in Bulgaria rose 4% in 2016 - statistics institute

Average agricultural land price per 1000 sq m in Bulgaria rose 4% in 2016 - statistics institute
The average price of 1000 square metres of agricultural land in Bulgaria in 2016 was 761 leva (about 389 euro), the National Statistical Institute (NSI) said on April 24.

This was four per cent higher than in 2015, the NSI said.

In comparison with 2015, an increase was reported in the price of all land use categories. In permanent grassland the price increased by 19.4 per cent, in orchards by11.3 per cent, in vineyards by 9.1 per cent and arable land by 1.2 per cent.

According to the NSI, the average price of 1000 sq m of permanent grassland was 770 leva, of orchards 534 leva, vineyards 370 leva and arable land 770 leva.

The highest price of agricultural land in 2016 was in Severoiztochen region (in north-eastern Bulgaria), 1157 leva for 1000 sq m, where the highest increase in the land price per 0.1 hectares was registered as well, by 11.3 per cent.

The average rent price for 1000 sq m hired/leased agricultural land in 2016 reached 44 leva, which was 4.8 per cent higher than in 2015.

In comparison with 2015, the highest increase was in the price of orchards, by 28.1 per cent. Among the land use categories, the price of permanent grassland went down, by 16.7 per cent, as did the price of vineyards, by 13.9 per cent.

In 2016 the highest price for 1000 sq m hired/leased agricultural land was in Severoiztochen region, 64 leva. Rents went up in all statistical regions except Yuzhen tsentralen (in south-central Bulgaria), where a decrease by 3.7 per cent was reported, the NSI said./IBNA

(Photo: Andreas Krappweis/freeimages.com)

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