Agricultural Land Market and Rents in Agriculture in the Republic of Bulgaria during the period 2010 – 2012

During the period 2010 – 2012, the data from the conducted survey show a steadily increasing market activity of the agricultural land in Bulgaria. This was indicated by the analysis of the National Statistical Institute.

The number of transactions with agricultural land compared to 2010 increased in 2011 and 2012 by 3.8 and 5.3% respectively. The amount of land sold in 2011 compared to the previous year decreased by 7.4%, while in 2012 an increase by 23.2% was registered compared to 2011. During the period 2010 – 2012, the average size of agricultural land per one transaction is 9 decares. By way of permanent land use average size of transaction is as follows: Arable land – 9 decares, Grasslands – 4 decares, Orchards and Vineyards – 3 decares.

The price per 1 decare of agricultural land compared to 2010 increased by 42.7% in 2011 and by 37.4% in 2012 compared to 2011. The most significantly increasing cost, over the previous year, was that of Orchards – by 17.4% in 2011 and 45.1% in 2012.

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