In Ukraine, the price of land plots is increasing, despite the circumstances, including a full-scale war. Since the beginning of 2024, the rules for the sale of land have changed: the limit per buyer has been increased from 100 hectares to 10,000 hectares, and Ukrainian companies with Ukrainian owners have been given access to the market.
Despite the ban on foreigners, land demand and prices continue to rise. The average price of land in the country is about UAH 41,000 (€970) per hectare. However, the price varies significantly in different regions: for example, in Ivano-Frankivsk region it reaches 111.6 thousand UAH (2.63 thousand euros) per hectare, in Kyiv region - 82.4 thousand UAH (1.94 thousand euros), and in the Zaporizhzhia region - only 24.7 thousand UAH (585 euros).
The Ukrainian land market continues to actively develop, despite the full-scale war. From January 1, 2024, new rules for the sale of land came into force, which led to an increase in demand and prices for it.
According to the estimates of Zeminvest co-founder Oleksandr Chorny, the cost of a hectare ranges from 1,500 to 2,500 dollars (equivalent to 1,354 to 2,256 euros). Even according to the official data of the Ministry of Agrarian Policy, the value of land increased by 20% during the Great War, which indicates an increase in demand.
The Deputy Minister of Agrarian Policy and Food of Ukraine, Denys Bashlyk, emphasized that the increase in land prices reflects faith in the victory of Ukraine, as investors not only buy, but also invest in land plots.
However, even with restrictions on foreigners, land prices continue to rise. Against the background of expectations regarding changes in the rules of the land market, during 2023 there was an unusually high demand for land plots.
Changes in the rules of land sales, introduced from the beginning of 2024, include an increase in the limit per buyer to 10,000 hectares, as well as market access for Ukrainian companies with Ukrainian owners.
Although the value of land in Ukraine is more expensive than before, it still remains undervalued compared to other countries, especially considering its potential for agricultural production. The exclusion of foreigners from the land market has a considerable effect on prices, but the end of the war, regardless of the changes in the rules of sale, will lead to an increase in the price of land, as has happened in other countries after the opening of their markets.
Although it is difficult to accurately predict the future value of land at the moment, there is a general trend towards an increase in its value, which reflects the increased interest in it on the part of investors.
