Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Inflation, good harvests and high rental rates make price of agricultural land jump

Photo: BGNES

The most expensive Bulgarian agricultural land in Dobrudzha has reached a new peak in the price of over 2,000 euros per decare in some deals, real estate brokers in Dobrich region have told BTA. There is great interest in agricultural land as the safest investment, so the market is turbulent and prices are going up.

 For a few months the price rise has risen by about 30%. The rise in prices is also due to the good rental rates that agricultural cooperatives pay to owners. In 2021 they were about 90 euros per decare, as the sum is not subject to taxation.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

The Bulgarian National Bank has lowered the base interest rate

The Bulgarian National Bank has lowered the base interest rate for the second consecutive month. As of August 1, it stands at 3.53%, down from 3.63% in July. Since the end of 2023, the base interest rate has been gradually falling. From February..

published on 8/1/24 11:39 AM

Low debt, Euro aspiration and EU membership are the positive factors in Moody's assessment of Bulgaria

Moody's expects Bulgaria to join the Eurozone no later than the beginning of 2026. According to the rating agency, the growth of the Bulgarian economy in 2024 will be 2.9%. The ongoing domestic political crisis and the likelihood of new early elections..

published on 7/30/24 12:30 PM

The state will continue to provide compensation to businesses over the price of electricity

Until the end of 2024, businesses will continue to receive compensations for high electricity prices. They will be 100% after a price of over 90 euros per megawatt hour on the stock exchange. The previous threshold was 100 euros. The..

published on 7/26/24 3:13 PM