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The increase of agricultural land prices will continue, but fluently

Submitted on Sunday, 30 November 2008No Comment

During the last few years, the price of agricultural land has turned into an attractive investment thanks to the unions that operate on the stock market. Thus, it is normal that the agricultural investors are harmed in a stock market recession.

Those were the words of Radoslav Manolov, executive director of the union “Advance terrafund”, on a press conference. His union was the one that realized the first commasation project in the village Katunets, near Lovech city.

According to Manolov, last year the average price of a decare land was 280 leva, and this year it grew to 480 leva, despite a slight decrease during the last few months. Overall, the price growth is steady compared to last year.

Radoslav Manolov added, that the price growth tempo will go on, but more fluently. The annuity will also increase. “The price of agricultural land will be stable next year, and a decrease will not happen.” The price of agricultural land in 2009 will be between 250 and 300 leva per decare.

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