Average price of agricultural land in Bulgaria rose by close to 15% in 2017 - statistics institute

Average price of agricultural land in Bulgaria rose by close to 15% in 2017 - statistics institute

The average price of 0.1 hectare of agricultural land in Bulgaria reached 872 leva (about 446 euro) in 2017, an increase of 14.6 per cent compared with 2016, the National Statistical Institute (NSI) said on April 24.

The price of arable land in Bulgaria increased by 13 per cent in 2017 compared with 2016, while the price of permanent grassland decreased by 3.4 per cent, the NSI said.

The highest price of agricultural land in 2017 was in north-eastern Bulgaria, 1 1401 leva for 0.1 hectare.

The largest increase in price for 0.1 hectare of agricultural land was in the south-western part of Bulgaria, by 83.4 per cent on an annual basis.

The year 2017 saw the price of agricultural land in the north-central region decrease by 13 per cent.

The average rent price per 0.1 hectare of hired/leased agricultural land in 2017 reached 46 leva, 4.5 per cent higher than in 2016. In comparison to the previous year, the increase in the price of arable land was 6.8 per cent, while the increase in permanent grassland was 6.7 per cent, the NSI said.

In 2017, the highest price per one decar hired/leased agricultural land was in north-eastern Bulgaria, 67 leva. An increase of rent payment in comparison to the previous year was observed in all statistical regions, the NSI said... / IBNA

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