The average price per one decar agricultural land reached BGN 761 in 2016, which was 4.0% higher than in 2015. In comparison with previous year in 2016 an increase was reported in the price of all land use categories. In permanent grassland the price increased by 19.4%, in orchards - by11.3%, in vineyards - by 9.1% and in arable land - by 1.2%.

The highest price of agricultural land in 2016 was in Northeast region - BGN 1 157 per one decar, where the highest increase in the land price per one decar was registered as well, by 11.3%.

The average rent price per one decar hired/leased agricultural land in 2016 reached BGN 44, which was by 4.8% higher than in 2015. In comparison to the previous year, the highest increase was in the price of orchards - by 28.1%. Amongst the observed land use categories a decrease was observed in the price of permanent grassland - by 16.7% and in vineyards - by 13.9%.

Source: National Statistical Institute