Land in Ukraine to be sold at electronic auctions: MPs passed a law

Source : 112 Ukraine

272Ukrainian lawmakers voted for this decision
15:31, 18 May 2021

land sale in Ukraine
Open source

The Verkhovna Rada adopted in the second reading and as a whole the bill #2195, which provides for the sale of land plots of state and communal property or rights to them, such as rent or superficies through electronic auctions. 272 lawmakers voted for this decision.

The online broadcast of the plenary session can be viewed HERE.

The law provides for the introduction of the sale of land plots of state and communal property or rights to them through electronic auctions in the electronic trading system.

Bidding will be held in a single electronic trading system in the form of an electronic auction in real-time on the Internet, which will result in a contract of sale, lease, superficies of land with the winner of the land auction.

All lots must have photos of the land and contain information about the person who has a preemptive right to purchase the land.

According to the bill, land auctions will be conducted in accordance with the agreement between the organizer and the operator of the electronic platform, and the amount of payment to the operator will be set by the government.

Related: Constitutional Court to urgently consider constitutionality of law on land sale market

The document establishes that the amount of the guarantee fee may not be less than 30% of the starting price of the land sale or the starting amount of the annual fee for the use of the land. It is proposed to change the conditions of non-refund of guarantee fees.

Related: Law on land sale market officially released in parliamentary publication

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