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After the pandemic freeze, the land market moved. Brokers have seen an increase in sales in the fields in recent months. One reason is that more and more Bulgarians are selling farmland to buy another property.
Traditionally, in times of crisis, the Bulgarian seeks salvation in the real estate sector. This trend is aggravated by negative interest rates from Bulgarian banks.
However, the financing of a purchase is related to the availability of own funds. Grandpa Fields come to the rescue here. Over the past 6 years, agricultural land has risen in price by almost 60 percent.
The bill shows that 10 acres of fertile land, in a good location, can generate a few thousand leva, which is enough to partially finance the purchase of a property in the city or a house in the town.
If you’re looking for a client, the month before the Christmas and New Year holidays is a good time to sell, realtors say.
The reason is that during this period farmers seek to expand their farms. They have sold their products and have the means to do so. The second is that despite the coronavirus, the price of agricultural land is now at its peak. However, this may change and collapse if the epidemic develops unfavorably in winter or another poor harvest like this year.
Those who want to sell their land or just find out how much it costs can do so completely free of charge on the website of the leader in agricultural land transactions “Agrion”. https://www.agrion.bg/bg/request/sell, as well as on the company’s free national telephone number 0800 111 66.
The process is digitized, so most of the steps can be done online, through your home computer.
For those who have decided to sell, Agrion offers a free property appraisal as well as a fair price.
“With free appraisals we want to help farmland owners get a real idea of the market valuation of their assets and what price to expect if they decide to sell their property,” said the company’s management.
“Due to the enormous interest in our free evaluation, this year we have expanded the team of experts who do it. We are doing everything possible so that the owners can receive their offer in two business days, ”said the market leader.
Experts apply an individual approach to each request to ensure a transparent and appropriate price. Unlike other companies, Agrion does not use the averaging method for a given lot, which distorts the price, but instead forms the price of the specific property according to a specially created algorithm, which includes several components.
Owners of parts of agricultural land can also sell it. For them, Agrion already has new conditions and a simplified procedure. The company helps all those who own more than 25% of the land area to close a deal for their property, without having to enter into complex and lengthy negotiations with the other co-owners.
Agrion’s analysis shows that the most important factors in choosing a buyer are the security of the transaction and its rapid implementation. Most landlords prefer that the potential buyer be a Bulgarian company that has proven over time that it is a good owner and partner and that it takes care of the land it manages. More than 75% of sellers point to Agrion as their preferred transaction partner.
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