Purchase price of agricultural land in Ukraine in January-April 2023 increased by an average of 20%, since the beginning of the year there have been 13 thousand such transactions, said the Deputy Minister of Agrarian Policy on digitalization Denis Bashlyk at a press conference.
“Even if we take away the inflation factor, we see that the growth (of prices) continues. But there is no such growth in the regions that are close to the fighting,” he said.
The deputy minister said that in Lviv region at the beginning of May this year the average cost of one hectare of agricultural land amounted to 162 thousand UAH, while at the opening of the market it was 51 thousand UAH. In Kyiv region, according to him, the price has grown from 48 thousand UAH to 148 thousand UAH per hectare.
At the same time, in Chernihiv region one hectare of land costs on average 23 thousand UAH, while before the war it cost 16-17 thousand UAH, Bashlyk added, suggesting that the price increase is due to inflation.
“In 2021 in Ukraine there were 66 thousand land sales transactions for a total area of 153 thousand hectares. In 2022 there were 53 thousand such transactions, with the market actually did not work for almost half a year due to restrictions on access to registries,” the Deputy Minister also said.
СЕО “ProZorro.Selling” Sergey But reported that from the moment of launching electronic land auctions in October 2021 the system “ProZorro.Selling” already completed auctions for the purchase and lease of agricultural land for more than 1.2 billion UAH.
As reported, the market of agricultural land in Ukraine began to work on July 1, 2021. At the first stage of the reform only citizens of the country got the right to buy and sell agricultural land, one individual will be able to hold no more than 100 hectares.
The right to purchase agricultural land from January 1, 2024 will be granted to legal entities created in accordance with the legislation of Ukraine, and the ultimate beneficiary of one or more legal entities will be able to consolidate through them a total of not more than 10 thousand hectares.
