The average price per hectare of agricultural land in Ukraine has nearly tripled in the five years since the market opened—rising from about 30,000 UAH to 87,900 UAH, according to an analytical review by the KSE Center for Food and Land Use Research, dedicated to the fifth anniversary of the opening of the agricultural land market.
According to the study, since the market opened on July 1, 2021, more than 512,800 transactions for the sale of agricultural land have been concluded in Ukraine, covering a total area of 1.154 million hectares and amounting to 51.4 billion UAH.
The average price per hectare during this period was 66,400 UAH, rising to 87,900 UAH in 2026.
The authors of the study note that although the nominal average price of land nearly tripled, when adjusted for inflation, its real value increased by approximately 25%, corresponding to an average annual growth rate of about 4.6%.
The most expensive agricultural land over the five years the market has been operating was sold in Ivano-Frankivsk (139 thousand UAH/ha), Lviv (123.4 thousand UAH/ha), and Kyiv (107.1 thousand UAH/ha) regions
The lowest prices were recorded in Luhansk (24.9 thousand UAH/ha), Kherson (30.5 thousand UAH/ha), Donetsk, and Zaporizhzhia (37 thousand UAH/ha each) regions.
The largest areas of land that changed hands over the five years the market has been operating were recorded in Poltava (107.6 thousand hectares), Dnipropetrovsk (94.8 thousand hectares), and Kharkiv (89.4 thousand hectares) regions.
The study’s authors note that after the market came to a near standstill in the spring of 2022 due to restrictions on access to state registries, activity gradually resumed, and by the second half of 2023, the market had stabilized.
The study also notes that the opening of the market on January 1, 2024, to legal entities with the right to purchase up to 10 thousand hectares did not confirm fears of a sharp increase in demand.
“Despite the concerns of farmers and landowners, the expansion of access did not lead to an abnormal surge in demand—the number of transactions and the area of land sold grew gradually. Although the absolute peak in activity was recorded in the fourth quarter of 2025—nearly 35,000 transactions covering an area of about 70,000 hectares—by the first quarter of 2026, the figures had returned to the usual 2024 level (26,000–28,000 transactions). “This indicates that the market has stabilized and that buyer and seller activity is predictable,” the study notes.
The study was prepared by the Center for Food and Land Use Research at the Kyiv School of Economics (KSE Agrocenter) based on data from the State Geocadastre and the state-owned enterprise “Prozorro.Sales.”
