BULGARIAN ECONOMY

The price of agricultural land in 2018 was 7.9% higher than in 2017


The average price per one decar agricultural land reached BGN 941 in 2018, which was 7.9% higher than in 2017. In comparison with the previous year, in 2018 an increase was reported in the price of arable land - by 12.6%. In permanent grassland the price decreased by 16.8%.

The highest price of agricultural land in 2018 was in the North-eastern region - BGN 1 345 per one decar. Increase in the price per one decar agricultural land in comparison with previous year was reported in the North Central region - by 39.5% and in the South Central region - by 22.7%. The prices in the South-eastern region remained at almost the same level in comparison with 2017 – a slight increase was observed - by 0.8%. In 2018 decrease was observed in the price per one decar agricultural land in South-western region - by 53.4%, North-western region - by 4.5%, and in the North-eastern region - by 4.0%.

The average rent price per one decar hired/leased agricultural land in 2018 reached BGN 48, which was by 4.3% higher than in 2017. In comparison to the previous year, the increase in the price of arable land was by 6.4%, while in rent price of the permanent grassland no change was observed.

In 2018 the highest price per one decar hired/leased agricultural land was in North-eastern region - BGN 69. An increase of rent payment in comparison to the previous year was observed in all statistical regions except in the South Central region.

 

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