Agricultural Land
The price of agricultural land in Bulgaria has decreased by 40% in the first months of 2009 in comparison with 2008. The reason for this is the recession and the boosted prices of agricultural land in the beginning of 2008. This has put off many prospective buyers.
At the moment the average price is between 200 and 300 levs per 1000 sq m.
The top most expensive agricultural land is in north-east Bulgaria, in the area of Dobrudja, while the cheapest around Vidin in north-west Bulgaria, Haskovo in the south, Lovetch and Gabrovo in mid-Bulgaria and Pernik, close to Sofia.
Despite the price drop, the rent of agricultural land steadily increases. At the moment the average rent is between 18 and 20 levs per 1000 sq m, which is an increase of 10 levs in comparison with the same time last year.
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Category: Bulgaria | Tags: agricultural, agricultural land, agriculture in Bulgaria, buyers, expense, increase, land in Bulgaria, landing, lev, price, recession, rent, renting, Sofia One comment »
October 29th, 2009 at 00:12
I need 50 acres of agricultural land with free arrigation water. The price must be lowest and I will pay cash. Clear title.
Anwar
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