The land market has started working in Ukraine

News

The land market has started working in Ukraine

02.07.2021 News

In Ukraine, the market for the sale of agricultural land started operating on July 1. From that day on, the moratorium, which has been in force since the country’s independence, has expired.

Until January 1, 2024, the right to sell and buy land will be only for individuals (citizens of Ukraine).

“Until January 1, 2024, the total area of ​​agricultural land owned by a citizen of Ukraine may not exceed 100 hectares. This restriction does not apply to land acquired by a citizen before the entry into force of this subparagraph,” the law reads.

From 2024, legal entities will be able to buy agricultural land, but with a limit of up to 10 thousand hectares. Foreigners, stateless persons and foreign legal entities will receive such a right only if Ukrainians vote for it in a referendum.

Until January 1, 2030, the sale price of agricultural land may not be less than their regulatory monetary value.

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