In October 2024, the price of agricultural land purchase and sale decreased by 0.7% compared to September and amounted to UAH 44.8 thousand per hectare, while the price of land for commercial farming fell by 1.5% to UAH 46.2 thousand per hectare, according to a study by the Kyiv School of Economics (KSE).
“Due to the stable exchange rate of the national currency in September-October 2024, prices in dollar terms also did not change significantly compared to the previous month,” the analysts said.
They pointed out that prices in October 2024 were 20.6% higher than in December 2023, before the land market was opened to legal entities.
“The opening of the land market for legal entities has significantly affected the cost of agricultural land. Legal entities pay at least 17% more for agricultural land than individual buyers, and individuals began to pay about 10% more for land than before the opening of the land market for legal entities,” KSE’s Land of Endurance study says.
