Since Ukraine’s land market opened on July 1, there have been 532 concluded land agreements, according to the Ministry of Agrarian Policy and Food.
According to the Ministry, 1,186 notaries have applied for access to the State Land Cadastre 11 days after the land market opening. 3,101 of the requests have been approved, 123 are in line for consideration, and 433 have been denied.
The largest amount of land sold so far was in Kharkiv Oblast with a total of 107.1 hectares. Poltava Oblast followed with 93.8 hectares sold and the Dnipropetrovsk Oblast with 61.1 hectares sold. The least amount of land sold so far, 0.7 hectares, has been in Kyiv Oblast.
As part of the first phase of the land market reforms, only individual Ukrainian citizens will be able to buy or sell up to 100 hectares of land.
Starting from January 2024, companies registered in Ukraine will gain the right to buy land too. The limit of the land will also increase, up to 10,000 hectares.
Foreigners won’t have the right to buy land until the country holds a nationwide referendum.
Prime Minister Denys Shmyhal previously called the land market opening “the most important reform in the history of independent Ukraine.”
“66% of the entire territory of Ukraine was under a moratorium,” Oleg Nivievskyi told the Kyiv Post earlier, an assistant professor at Kyiv School of Economics. “This is a colossal economic resource that Ukraine has not used.”
