Veselin Petrov, executive director in Elana Property Management told Profit.bg that the average price added some 20% in the past year to 200-280 leva.
Larger parcels (over 1,000 decares) are 30% more expensive. “There are plots in the area of Dobrich, for which buyers are paying more than 500 leva/decare,” he added.
Radoslav Manolov, Advance Terrafund REIT executive director, said the average price per decare currently tops 300 leva. In his opinion, the price hike this year will come to 20-30%.
Ognyan Kalev, CEO of Agro Finance REIT said land in parcels of up to 10 decares costs 260-270 leva/decare. For parcels larger than 10 decare the figures can go up to 290-300 leva. “With plots larger than 20 decares the price goes up to 310-320 leva/decare, and for those larger than 50 decares it is a subject of negotiations.”
He also expects a 20-30% increase this year.
Svetla Boyanova, executive director Mel Invest REIT, said that in places with low demand agricultural land costs as low as 180 leva/decare, but otherwise, the average for the country is 250-300 leva.
“In the area of Dobrich, the price can reach 400-450 leva/decare, she also said. Mrs. Boyanova said agricultural land appreciated by some 25-26% last year.