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Some 25,720 land sale-purchase transactions concluded in Ukraine since market launch in July – Agrarian Policy Ministry
KYIV. Oct 5 (Interfax-Ukraine) – Since the launch of the land market on July 1 and as of October 5, some 25,720 land transactions have been carried out in Ukraine on agricultural plots with a total area of 63,470 hectares, Kyiv (2,170 transactions) and Poltava (2,120) regions are leading in terms of the number of contracts concluded.
As reported on the website of the Ministry of Agrarian Policy and Food on Tuesday, in terms of the total area of land plots sold, Kirovohrad region is in the lead with an indicator of 9,340 hectares, followed by Kharkiv (7,950 hectares), Poltava (5,540 hectares), Dnipropetrovsk (5,390 hectares) and Kherson (4,580 hectares) regions.
The Ministry of Agrarian Policy adds that during the specified period, 5,730 applications were received from notaries for access to the State Land Cadastre for online check of the legality of purchase of land plots. Among them, 5,060 applications were approved, and 660 applications were denied access. In total, there are over 6,000 notaries in the country.
As reported, the agricultural land market launched in Ukraine as part of the government’s land reform began operating on July 1. At the first stage of the reform, only citizens of the country will be able to buy and sell land plots. One individual will be able to have at his disposal no more than 100 hectares.
On January 1, 2024, the right to acquire agricultural land will be received by legal entities created in accordance with the legislation of Ukraine, while the ultimate beneficiary of one or several legal entities will be able to consolidate through them in aggregate no more than 10,000 hectares.
