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Law on land sale market officially released in parliamentary publication

Source : 112 Ukraine

It was approved on Monday, March 31
11:41, 30 April 2020

Apostrophe

The official parliamentary publication Holos Ukrayiny (Voice of Ukraine), one of the so-called official publications - newspapers and bulletins authorized to publish Ukrainian legislation, has published a law on the opening of the land sale market.

It is worth noting that Verkhovna Rada of Ukraine approved it on Monday, March 31. 259 MPs voted for it.

According to the law, ordinary Ukrainians can become land market participants.

Legal entities, directly founded by citizens of Ukraine, the state, and territorial communities shall become land sale market participants only since 2024.

Related: Why Ukraine's land market is fundamentally unequal?

Foreigners and legal entities, the founders or ultimate beneficiaries of which are foreigners, will be able to buy land only subject to approval by referendum. In all other cases, it is not possible to acquire property rights.

As we reported earlier, there were 13 resolutions on the abolition of the law on the land sale market. Nevertheless, none of them were endorsed by the Ukrainian parliament.

The idea of ​​Zelensky’s team met with resistance among a number of political forces opposing the sale of land, while agrarians held rallies under the Verkhovna Rada and blocked state highways in protest.

Related: Court is asked to ban signing of ‘land market’ law

 

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