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The biggest question that remains is what is going to happen to the agricultural land. Farm land sells cheap since it is strongly fragmented and since it is impossible to sell such land to foreigners (which is going to change when Bulgaria joins the EU).
Owners of agricultural land in Bulgaria obviously understand what the problem pushing its price down is, as more than 85 per cent of the Bulgarians who own plots of agricultural land want their consolidation.
The results of the concluded first stage of the land consolidation project show that most of the owners of agricultural plots not only want re-allotment, but would like to speed up the process. It is up to the state to undertake the necessary measures for ensuring a legislative framework for re-allocation of agricultural land because the recent situation with many small lots drive the price of land down, and seriously restricts farmers' opportunities to buy or rent plots of sufficient size for efficient agricultural production.
Land plots in Bulgaria are becoming one of the most attractive investment goals for foreigners despite complaints that the small sizes of most properties are an obstacle to their successful sale.
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