Charlotte
02-17-2006, 09:46 AM
Land In Bulgaria Gets Dearer Because of EU Accession
The price of land in Bulgaria has drastically increased because of the oncoming accession of the country into the European Union. The number of deals with farmland has increased by twenty percent. The Bulgarians are hurriedly buying real estates in the hope of selling them at a profit after the EU accession.
Investing in land has also become the priority target of several investment funds. In 2005, the concluded deals with farmland totaled 66,345; 59,434.9 ha of farmland changed their owners last year.
"The demand for land in Bulgaria far exceeds the supply," reads an analysis of the market, made public by Svetla Bachvarova, Deputy Minister of Agriculture and Forestry.
"Many farmers are now seeking to buy land because of the EU subsidies, which they may receive the next year," she says.
Standart News
The price of land in Bulgaria has drastically increased because of the oncoming accession of the country into the European Union. The number of deals with farmland has increased by twenty percent. The Bulgarians are hurriedly buying real estates in the hope of selling them at a profit after the EU accession.
Investing in land has also become the priority target of several investment funds. In 2005, the concluded deals with farmland totaled 66,345; 59,434.9 ha of farmland changed their owners last year.
"The demand for land in Bulgaria far exceeds the supply," reads an analysis of the market, made public by Svetla Bachvarova, Deputy Minister of Agriculture and Forestry.
"Many farmers are now seeking to buy land because of the EU subsidies, which they may receive the next year," she says.
Standart News