Price of agricultural land in Bulgaria up 4%
In comparison with previous year in 2016 an increase was reported in the price of all land use categories. In permanent grassland the price increased by 19.4%, in orchards - by11.3%, in vineyards - by 9.1% and in arable land - by 1.2%.
The highest price of agricultural land in 2016 was in Severoiztochen region - BGN 1 157 per one decar, where the highest increase in the land price per one decar was registered as well, by 11.3%.
The average rent price per one decar hired/leased agricultural land in 2016 reached BGN 44, which was by 4.8% higher than in 2015.
In comparison to the previous year, the highest increase was in the price of orchards - by 28.1%.
Amongst the observed land use categories a decrease was observed in the price of permanent grassland - by 16.7% and in vineyards - by 13.9%. ■