Agricultural Land In Bulgaria Among The Cheapest In Eu

The price of the agricultural land in Bulgaria remains among the cheapest in the European Union, shows the statistics of the Community.

This announced Ognyan Kalev, executive director of “Agro Finance”. However, the trend since 2004 is the land in Bulgaria to get more expensive.

The fragmentariness of the agricultural land in Bulgaria is among the main problems for its reduced value, explained Kalev. According to him, the market is however, dynamic and the proof is the 55% growth in the number of sales in 2006 and 36% growth in 2007.

The demand is mainly targeting the bigger lots. There is a price difference depending on the land category and size. With Bulgaria's accession to the EU, the land market has become much more attractive, claimed Kalev.

He pointed also out that Bulgaria is leader in the European Union in foreign investments and the ascending trend is expected to continue in the following years. The average growth of the GDP in the period 2000-2007 is 5.5% and on this criterion Bulgaria overtakes the Czech Republic, Slovenia and Poland.international.ibox.bg