The cost of agricultural land will increase annually by 7-10%. This was announced by the Minister of Agrarian Policy and Food of Ukraine Roman Leshchenko during a Question Hour to the government in the Ukrainian parliament.
The online broadcast of the plenary session can be viewed HERE.
“According to our estimation, the growth will be for about 7-10% annually, as Ukrainian land is undervalued. But there are market factors that affect price growth ... We are convinced that the price will continue to rise,” Leshchenko said.
As it was reported earlier, on July 1, the market of agricultural land was launched in Ukraine as the moratorium on land sale, which had been in force since 1992, was lifted.
According to the Ministry of Economic Development, Trade and Agriculture of Ukraine, one hectare of land in Ukraine will cost more than two thousand dollars. And according to the forecasts of the Prime Minister of Ukraine Denys Shmygal, the cost of land in 5-10 years may increase from two to five times. More about buying and selling land HERE.