Since the launch of the land market in Ukraine in July 2021, approximately 3% of the total agricultural land has been bought or sold, which amounts to about 1% per year. The price of land in Ukraine has increased from ₴34,000 to ₴54,000 per hectare, with Deputy Minister of Agrarian Policy Taras Vysotsky noting that after the war, the growth rate may accelerate, and land prices could rise by 100-200%. In comparison, in European Union countries, the annual classic land turnover reaches 2-3%.
This is reported by Finway
Reduction of Land Banks by Agribusiness
According to analysts, domestic agribusiness companies have reduced their land areas by 8,225 hectares over the past year. The number of companies owning more than 100 hectares of land has decreased from 283 to 217. Among them, 34 companies are registered in temporarily occupied territories. The largest land holdings belong to “Agrofirma Svitank” with 5,000 hectares, “Druzhkivka Ore Management” with 3,300 hectares, and “Zernyatko-Pivden” with 2,700 hectares.
Opening the Land Market to Business
As of the beginning of 2024, the land market in Ukraine is open for business; however, instead of the expected buying boom, companies are trying to sell their land plots. Since the market opened, businesses have sold 2,554 land plots.