The average price per one decare of agricultural land in Bulgaria rose by 14.6% year-on-year to BGN 872 (USD 543.6/EUR 445.8) in 2017, the National Statistical Institute (NSI) said.
The price of arable land rose 13.0% to BGN 870 per dca in 2017, while the price of permanent grassland fell 3.4% to BGN 262 per dca, NSI said in a statement. The highest price of agricultural land was in Bulgaria's northeast region – BGN 1,401 per dca.
Agricultural land prices rose the most, by 83.4%, in the southwest region, but still remained the lowest in the country – BGN 406 per dca. The average rent price per one dca of leased agricultural land rose by an annual 4.5% to BGN 46 in 2017. Rent prices of arable land increased 6.8% to BGN 47, while rents of permanent grassland grew 6.7% to BGN 16.