In the three years since the launch of the land market in Ukraine, more than 254 thousand transactions for the purchase and sale of farmland have been concluded, under which half a million hectares of land were purchased with an average cost of UAH 41 thousand, according to Opendatabot.
“567.322 thousand hectares of agricultural land have been acquired in the three years since the opening of the land market in Ukraine. Ukrainians concluded 253.416 thousand transactions for the sale of land plots at an average price of 41 thousand UAH/ha. Most of the land was purchased in 2023 – 179.921 thousand hectares,” the report says.
According to the resource, the most popular for the entire time of the market’s operation were farmland in Poltava region, where 60.36 thousand hectares were sold. The average price per hectare in the region reached 42.75 thousand UAH. It is followed by Dnipropetrovska oblast – 58.869 thousand hectares and Kharkivska oblast – 54.458 thousand hectares.
It is noted that the outbreak of a full-scale war has affected buyer demand and land prices. In six months of 2024, Ukrainians purchased 17.04 thousand hectares of land in Poltava region, paying an average of UAH 52.59 thousand per hectare. In Dnipropetrovska oblast, 12.95 thousand hectares have been sold for UAH 34 thousand since the beginning of this year. Instead of the frontline Kharkiv region, Kirovohrad region has risen to the top three – 9.38 thousand hectares at 38 thousand UAH/ha.
The most expensive land in 2024 was in Ivano-Frankivsk region – 101 thousand UAH/ha.
“So far, only a quarter of the land has changed ownership through sale and purchase. The vast majority of changes of ownership concern land inherited – 65% of alienations,” the resource summarized.
As reported, on July 1, 2021, the land market opened in Ukraine. At the first stage, only ordinary citizens could buy agricultural land, but since 2024, the market has been open to businesses.
