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Bulgaria's arable land prices rise 14.4% in 2021

Bulgaria's arable land prices rise 14.4% in 2021 oticki/Shutterstock.com

SOFIA (Bulgaria), June 22 (SeeNews) - The average price of agricultural land transactions in Bulgaria increased by 14.4% year-on-year in 2021, reaching 1,192 levs ($641/610 euro) per decare, with higher prices in all six regions, the country's statistical office said on Wednesday.

The average price of permanent grassland went up by 3.9% on the year to 278 levs, the National Statistical Institute (NSI) said in a statement.

The highest price of agricultural land was in Bulgaria's northeastern region - 1,569 levs per dca, whereas the lowest was in the southwestern region - 678 per dca.

Prices rose the most, by 32.8%, in Bulgaria's northwestern region.

The average rent/lease price of arable land jumped 20.5% on the year to 55 levs per decare in 2021, while rents of permanent grassland grew 19.4% to 25 levs on average.

(1 euro = 1.95583 levs)

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