Land near Kyiv has risen in price. Photo: Pixabay
On July 1, 2021, the land market was launched In Ukraine. Since that moment, the price of land in the Kyiv region has gone up. According to the Department for Agro-Industrial Development, currently, 1 hectare in the Kyiv region costs 24,000 UAH.
"The land reform brings real money income to people. We are recording an increase in the land price in the region. This once again confirms the favorable location of our region and the need for the reform itself," Kostiantyn Dovhal, the Head of the Department, said.
Additionally. 27,568 land transactions were registered in Ukraine since the launch of the land market and until October 7. Zhytomyr (9,771 hectares), Vinnytsia (8,639 hectares), and Chernihiv (6,054 hectares) regions are ahead in terms of the area of concluded land transactions. Meanwhile, in the Kyiv region, this figure is only 455 hectares. In total, 68,540 hectares of land were sold in the country during the specified period.
Context. In early July, the law on electronic auctions on the land market came into force in Ukraine. State land can only be purchased during online auctions. All information on land tenders will be provided in electronic form, for example, how much a hectare of agricultural land will cost.