The land market will open in Ukraine in a little while. From July 1, 2021, Law No. 552 comes into force. It will allow citizens to freely sell and buy agricultural land.
has found out how much a hectare of land will cost in Ukraine, in what regions the land will be the most expensive, and in what—the cheapest.
Land value in Ukraine
From July of this year to January 2024, only natural persons—citizens of Ukraine will be able to acquire agricultural land. According to the legislation, the maximum size of a land plot that can be acquired by one person is 100 hectares.
The land value will be formed by agreement between the buyer and the seller. However, until January 1, 2030, the price of land plots cannot be less than their normative monetary value (NMV). It is provided by the State Service of Ukraine for Geodesy, Cartography and Cadastre (StateGeoCadastre).
Normative monetary value of agricultural land as of January 1, 2021
Vinnytsia region:
- arable land, deposits—27,184 UAH/ha;
- perennial plantings—47, 053.16 UAH/ha;
- hayfields—3,140.38 UAH / ha;
- pastures—1,558.08 UAH/ha.
Volyn region:
- arable land, deposits—21,806 UAH/ha;
- perennial plantings—41,349.74 UAH/ ha;
- hayfields—6,039.19 UAH/ha;
- pastures—4,479.47 UAH/ha.
Dnipropetrovsk region:
- arable land, deposits—30,251 UAH/ha;
- perennial plantations—55,608.28 UAH/ha;
- hayfields—7,971.74 UAH/ha;
- pastures—6,232.31 UAH/ha.
Donetsk region:
- arable land, deposits—31,111 UAH/ha;
- perennial plantations—58,459.98 UAH/ha;
- hayfields—7,247.03 UAH/ha;
- pastures—6,037.55 UAH/ha.
Zhytomyr Oblast:
- arable land, deposits—21,411 UAH/ha;
- perennial plantings—35,646.33 UAH/ha;
- hayfields—5072.92 UAH/ha;
- pastures—4089.95 UAH/ha.
Zakarpattia region:
- arable land, deposits—27,268 UAH/ha;
- perennial plantings—37,072.18 UAH/ha;
- hayfields—6,522.33 UAH/ha;
- pastures—5,258.51 UAH/ha.
Zaporizhzhia region:
- arable land, deposits—24,984 UAH/ha;
- perennial plantings—41,349.74 UAH/ha;
- hayfields—6,039.19 UAH/ha;
- pastures—4,868.99 UAH/ha.
Ivano-Frankivsk region:
- arable land, deposits—26,087 UAH/ha;
- perennial plantings—37,072.18 UAH/ha;
- hayfields—4,831.36 UAH/ha;
- pastures—4,479.47 UAH/ha.
Kyiv region:
- arable land, deposits—26,531 UAH/ha;
- perennial plantings—42,775.60 UAH/ha;
- hayfields—6,280.76 UAH/ha;
- pastures—4,479.47 UAH/ha.
Kirovohrad region:
- arable land, deposits—31,888 UAH/ha;
- perennial plantings—67,015.10 UAH/ha;
- hayfields—8,696.44 UAH/ha;
- pastures—6037.55 UAH/ha.
Luhansk region:
- arable land, deposits—27,125 UAH/ha;
- perennial plantings—47,053.16 UAH/ha;
- hayfields—8,213.30 UAH/ha;
- pastures—5,842.79 UAH/ha.
Lviv region:
- arable land, deposits—21,492 UAH/ha;
- perennial plantings—27,091.21 UAH/ha;
- hayfields—5,797.63 UAH/ha;
- pastures—4,089.95 UAH/ha.
Mykolaiv region:
- arable land, deposits—27,038 UAH/ha;
- perennial plantings—47,053.16 UAH/ha;
- hayfields—8,213.30 UAH/ha;
- pastures—5,842.79 UAH/ha.
Odesa region:
- arable land, deposits—31,017 UAH/ha;
- perennial plantings—62,737.54 UAH/ha;
- hayfields—8,938.01 UAH/ha;
- pastures—7,011.35 UAH/ha.
Poltava region:
- arable land, deposits—30,390 UAH/ha;
- perennial plantations—64,163.40 UAH/ha;
- hayfields—5,556.06 UAH/ha;
- pastures—4,284.71 UAH/ha.
Rivne region:
- arable land, deposits—21,938 UAH/ha;
- perennial plantings—37,072.18 UAH/ha;
- hayfields—5072.92 UAH/ha;
- pastures—3,700.43 UAH/ha.
Sumy region:
- arable land, deposits—26,793 UAH/ha;
- perennial plantations—49,904.86 UAH/ha;
- hayfields—6,522.33 UAH/ha;
- pastures—4,674.23 UAH/ha.
Ternopil region:
- arable land, deposits—29,035 UAH/ha;
- perennial plantings—57,034.13 UAH/ha;
- hayfields—6,280.76 UAH/ha;
- pastures—5,648.03 UAH/ha.
Kharkiv region:
- arable land, deposits—32,237 UAH/ha;
- perennial plantings—67,015.10 UAH/ha;
- hayfields—6,280.76 UAH/ha;
- pastures—6427.07 UAH/ha.
Kherson region:
- arable land, deposits—24,450 UAH/ha;
- perennial plantings—37,072.18 UAH/ha;
- hayfields—5,314.49 UAH/ha;
- pastures—4,284.71 UAH/ha.
Khmelnitskyi region:
- arable land, deposits—30 477 UAH/ha;
- perennial plantations—52,756.57 UAH/ha;
- hayfields—6,763.90 UAH/ha;
- pastures — 5,258.51 UAH/ha.
Cherkasy region:
- arable land, deposits—33,646 UAH/ha;
- perennial plantings—74,144.37 UAH/ha;
- hayfields—8,454.87 UAH/ha;
- pastures—5,648.03 UAH/ha.
Chernivtsi region:
- arable land, deposits—33 264 UAH/ha;
- perennial plantings—62,737.54 UAH/ha;
- hayfields—5,556.06 UAH/ha;
- pastures—5,063.75 UAH/ha.
Chernihiv region:
- arable land, deposits—24,065 UAH / ha;
- perennial plantations—55,608.28 UAH/ha;
- hayfields—8,696.44 UAH/ha;
- pastures—5,063.75 UAH/ha.
Autonomous Republic of Crimea:
- arable land, deposits—26,005 UAH/ha;
- perennial plantations—58,459.98 UAH/ha;
- hayfields—10,145.85 UAH/ha;
- pastures—4,284.71 UAH/ha.
A statement on the NMV of a specific land plot can be requested online on the State StateGeoCadastre website. To do this, one needs to identify oneself using an electronic digital signature (EDS), via ID.GOV.UA, BankID, or by email.
NMV is not the final land value. Such an evaluation of land plots is carried out to determine:
- the amount of land tax;
- state fees for their exchange, inheritance, and donation;
- rent charge for state and communal property land plots;
- losses of agricultural and forestry production.
The final price will also depend on other factors, such as the plot location, the region's climatic features, and the land quality. In general, the market will set the land price. Also, the opening of the market will contribute to the growth of land prices at least twofold during the first 3-5 years, Prime Minister Denys Shmyhal reported.
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