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Prices of agriculture lands in Bulgaria go up

Date: 29.11.2007

The agriculture land market in Bulgaria has been stable in the last few years and the prices have risen, experts said at a conference on Wednesday.

The problem that the market is now facing is the land consolidation, the participants explained.

Latest data show that the biggest institutional investors, including the joint-stock companies, own about 1,000,000 decares of arable areas of land. It is highly probable that the figure is to double within two years.

There are between two and three millions of small landowners in the country, the experts said at the forum, which was held under the topic "Investments in Agriculture Lands".

Effective management could be imposed as soon as the land is already consolidated so that the interests of the owners are defended.

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