Agricultural Land Prices and Rents in Agriculture in the Republic of Bulgaria in 2023

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Agricultural Land Prices and Rents in Agriculture in the Republic of Bulgaria in 2023

05.07.2024 11:00:00

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Agricultural Land Prices and Rents in Agriculture in the Republic of Bulgaria in 2023

In 2023, the average price of arable land transactions in Bulgaria reached BGN 1 607 per decare, and the average price of arable land rents - BGN 62 per decare. Compared to the previous year, the price of arable land increased by 12.5%, and the rent payments decreased by 1.6%.

In 2023, compared to the previous year, there was an increase in the price of arable land transactions in Severozapaden, Severen tsentralen, Severoiztochen, Yugoiztochen and Yugozapaden regions and there was a decrease in Yuzhen tsentralen region. Compared to 2022, an increase was observed in the price paid for rent/lease of one decare arable land in Severozapaden and Yugozapaden regions, a decrease was registered in Severoiztochen, Yugoiztochen and Yuzhen tsentralen regions. The price paid for rent/lease of one decare in Severen tsentralen region does not change.

Detailed data can be found on the website of NSI at
Agriculture

The National Statistical Institute (NSI) is a state institution in Bulgaria that collects, processes and disseminates official statistical information on social, economic and demographic processes in the country. The NSI's activities are aimed at providing objective and reliable data that support informed decision-making by the state, business and society. The Institute works in accordance with international statistical standards and is an active participant in the European Statistical System.