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According to an analysis by Bulgaria's Ministry of Agriculture and Food the agricultural land`s price in Bulgaria has increased by 250 % for the last 12 years. EU subsidies have substantial role in the price increase. The data shows the average agricultural land prices and is provided by the State Agricultural Market Research Copmany SAPI.
The research shows that the market activity was low for the period between 1998 and 2004 with an average agricultural land price BGN 140 per acre. In the period from 2004 to 2007 there has been an increased activity in the market, where the average price went up by 24 %. The price increase is believed to be mainly a result of the upcoming EU membership and the subsidies associated with it.
In the 3-year period, following the EU membership in 2007, the highest agricultural land prices have been reached. In 2009 the average price reached BGN 300 per acre, which is a 100% increase in 3 years. In the same period the number of agricultural land deals reached its peak at 374 000 with 3,6 mln acres traded. Invest in Bulgaria
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