In 2023, the average price of arable land transactions in Bulgaria reached BGN 1 607 per decare, and the average price of arable land rents - BGN 62 per decare. Compared to the previous year, the price of arable land increased by 12.5%, and the rent payments decreased by 1.6%.
In 2023, compared to the previous year, there was an increase in the price of arable land transactions in Severozapaden, Severen tsentralen, Severoiztochen, Yugoiztochen and Yugozapaden regions and there was a decrease in Yuzhen tsentralen region. Compared to 2022, an increase was observed in the price paid for rent/lease of one decare arable land in Severozapaden and Yugozapaden regions, a decrease was registered in Severoiztochen, Yugoiztochen and Yuzhen tsentralen regions. The price paid for rent/lease of one decare in Severen tsentralen region does not change.
