A hectare of land in Ukraine has risen in price by 60% in four years: how the market has changed

Despite the COVID-19 pandemic and the full-scale war, the average cost of a hectare of land in Ukraine has increased by 60% since 2021 to UAH 60,700. This is what writes Opendatabot with reference to data from the StateGeoCadastre.

In the four years since the opening of the agricultural land market in Ukraine, 339,644 land purchase and sale transactions worth UAH 30.4 billion have been concluded.

Since July 2021, Ukraine has concluded land sale and purchase agreements totaling more than 636,000 hectares.

In the first months after the market was launched, demand was high. In July 2021 alone, more than 2,000 transactions were concluded, and the price per hectare reached almost UAH 96,000. However, by the end of that year, it had already halved .

After the outbreak of a full-scale war, the market practically stopped. In May 2022, just over 300 deals were made. Recovery began in the summer of the same year, but the pace remained slow.

Only in 2023 did the situation stabilize: the number of transactions began to grow, as did the cost of land.

In early 2024, the land market was opened to legal entities. This revitalized the auction, but the expected surge did not happen. One of the reasons analysts cite is restrictions on companies with foreign owners.

Since March, the number of transactions has exceeded 9,000 per month, and the monthly transaction volume has consistently exceeded UAH 1 billion. The price per hectare in 2024 ranged from UAH 43,000 to UAH 52,000.

In the first half of 2025, deals worth more than UAH 8.2 billion were concluded, which is almost three times more than in the same period in 2021.

The highest land prices today are recorded in Ivano-Frankivsk region – an average of over UAH 126,000 per hectare. This is followed by Lviv (UAH 118,300), Kyiv (UAH 89,400), and Ternopil (UAH 86,900) regions .

Among the frontline regions, the most expensive land is in Dnipropetrovs'k region (UAH 73,900).

At the same time, the lowest prices are in Zaporizhzhia (UAH 38,300), Kherson (UAH 39,100), and Chernihiv (UAH 41,100) regions.

Most deals this year were made in Poltava (5,400), Vinnytsia (5,400) and Kyiv (4,700) regions.

• In May 2025, the largest plot of the Land Bank was transferred to for 14 years. Kodatske-Agro paid an annual sublease fee of UAH 78.6 million including VAT.