In November 2024, the average cost of 1 hectare of agricultural land in Ukraine amounted to UAH 50,475. This is almost UAH 2,000 less than in October, when a hectare cost a record UAH 52,426.
In general, since the beginning of the year, the price has increased by UAH 5,246. In January, the average price was UAH 45,229 per hectare, and the cheapest land was in February – UAH 42,806 per hectare.
Land prices in Ukraine depend significantly on the region:
- The cheapest areas:
- Zaporizhzhya - 26,806 UAH/ha
- Chernihivska – UAH 29,196/ha
- Sumy - UAH 29,739/ha
- The most expensive regions:
- Ivano-Frankivsk - UAH 171,432/ha
- Kyivska - UAH 107,964/ha
- Lvivska - UAH 82,779/ha
It is interesting that the value of land in Ivano-Frankivsk region exceeds the price in Zaporizhia region by almost 6.4 times.
Ukrainian farmers working in war zones can count on support from the state:
- 2,000 hryvnias per hectare - for lands in active combat zones.
- UAH 1,000 per hectare - for land in regions with potential danger.
This aid is aimed at supporting farmers who face risks due to hostilities. Prime Minister Denys Shmyhal said that the government will continue to subsidize farmers in the frontline regions, understanding the difficulties they face during sowing and harvesting.
What affects the price of land?
- Regional features:
Land is more expensive in the western regions due to higher soil fertility and demand for agritourism. - Economic conditions:
In war zones or frontline areas, land values decrease due to investment risks. - Demand and supply:
The land market in Ukraine is gradually forming, and prices remain volatile due to military and economic factors.
