The Ministry of Agrarian Policy summed up the results of the first year of the open land market. Since July 1, 2021, 88,000 transactions for the sale of agricultural land worth UAH 7 billion have been concluded in Ukraine, the agency reports..

Over the year, the cost of a hectare increased by 30%, 88 thousand transactions for the sale and purchase of plots were concluded for a total of seven billion hryvnias.

Since July 1, 2021, when the land market in Ukraine started operating, more than 250 thousand hectares of land have been alienated, more than 105 thousand transactions have been concluded. In addition to agreements on the purchase and sale of land, contracts were concluded for barter, donation and life maintenance..

“The weighted average price per hectare as of today is UAH 37,900. Over the year, it has grown by 30 percent,” said Mykola Solsky, Minister of Agrarian Policy and Food of Ukraine..

According to the agency, more than 50,000 transactions for the purchase and sale of land were disrupted due to Russian aggression, and landowners lost 4.2 billion hryvnias, the Ministry of Agrarian Policy reports..

Despite the full-scale aggression of the Russian Federation, the Ukrainians still sold 3.5 thousand agricultural plots, the department admitted.

According to officials, Kharkiv region is the leader among the regions in the sale of land, more than 10 thousand transactions have been concluded there.. More than 7 thousand agreements were concluded in Poltava, Vinnitsa, Sumy, Kyiv and Khmelnytsky regions.

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According to the head of the ruling party, Elena Shulyak, the war can introduce a serious clarification into the already adopted concept of the land market..