Agricultural land for sale
Investing in agricultural land is one of the best options the Bulgarian real market offers at present.
According to the data of BULGARIAN PROPERTIES prices of agricultural land dropped by 30% on average in 2009 and demand in most of 2009 decreased by about 50% compared to the peak points in 2008. If in 2008 the average price of sold agricultural land was about 179 Euro per 1,000 sq.m. in 2009 it was sold for about 128 Euro per 1,000 sq.m. The active players on the market withdrew and the number of concluded deals plummeted. The exceptions to the common trend are the big and consolidated plots – there was no actual decrease in their price as their supply is limited and the demand is stable. These are plots of arable land with an area of over 100 decares.
Since the beginning of 2010 the market of agricultural land became more active compared to the previous year, which is mainly due to the reduced prices in 2009 and their return to their levels from 2006-2007. It is difficult to speak of an increase in the prices of agricultural land in 2010 but we witnessed a more dynamic market and an increase in the number of concluded deals. There was interest both in big and small single plots of land for investment by private persons with a budget of between 2,000 and 15,000 Euro. Sales were made at an average price of between 150 and 250 BGN per decare (77 - 128 Euro per 1,000 sq.m.) while in the peak before the crisis prices were between 250 and 500 BGN per decare (128 – 256 Euro per 1,000 sq.m.) and even higher for some plots in specific areas.
BULGARIAN PROPERTIES experts also support the opinion that agricultural land in Bulgaria is the cheapest in the European Union and the trend is its price to increase, especially after the last few very successful years for farmers in Bulgaria. According to our observations agriculture is the sector least affected by the crisis in Bulgaria. On the contrary, 2010 was the most successful year for farmers in Bulgaria in the last 20 years.
Read more about categories of land in Bulgaria and conditions for foreigners who want to buy land in Bulgaria