Average Ukrainian farmland price rises to 70,199 hryvnias per hectare in 2026
Ukraine sold 85,852 agricultural land plots covering 233,045.1 hectares in 2026, at an average price of 70,199 hryvnias per hectare. The Economy Ministry said the annual growth in transaction numbers and area has stopped, although overall market activity has not declined. Legal entities paid substantially more per hectare than individuals.
Key points
- 85,852 land plots covering 233,045.1 hectares were sold in Ukraine in 2026
- The average price reached 70,199 hryvnias, or 1,590 US dollars, per hectare
- Legal entities bought 32,968 plots covering 90,100.4 hectares at an average 92,862 hryvnias per hectare
- Individuals bought 52,393 plots covering 142,944.7 hectares at an average 55,914 hryvnias per hectare
- Largest sales volumes: Poltava 23,200 ha, Odesa 22,800 ha, Kirovohrad 18,800 ha, Vinnytsia 18,200 ha, Chernihiv 17,400 ha
- Highest average hectare price: Ivano-Frankivsk region at 145,275 hryvnias
- More than 405,000 plots covering nearly 1.2 million hectares sold since the moratorium was lifted in July 2021
Why it matters
The average hectare price points to continued appreciation of Ukrainian agricultural land despite full-scale war. Prices vary with security conditions and plot location, and legal entities are paying markedly more than individuals. Transaction growth paused in 2026, but overall market activity did not decline.
What happened
Ukraine sold 85,852 agricultural land plots covering 233,045.1 hectares in 2026, with an average price of 70,199 hryvnias, or 1,590 US dollars, per hectare. Legal entities acquired 32,968 plots covering 90,100.4 hectares at an average 92,862 hryvnias per hectare, while individuals bought 52,393 plots covering 142,944.7 hectares at 55,914 hryvnias per hectare.
Poltava recorded the largest sales volume at 23,200 hectares, followed by Odesa at 22,800 hectares, Kirovohrad at 18,800 hectares, Vinnytsia at 18,200 hectares and Chernihiv at 17,400 hectares. The highest average hectare price was recorded in Ivano-Frankivsk region at 145,275 hryvnias, followed by Lviv at 133,783 hryvnias and Ternopil at 117,243 hryvnias.
The Economy Ministry reported that the annual growth in the number and area of transactions seen in previous years stopped in 2026, though market activity did not decline. In January 2026, the ministry described market dynamics as mature, noting that prices were rising unevenly and depended on security conditions and the location of plots.
How Ukrainian sources describe it
Ukrainian coverage focuses on ministry-reported market figures, regional transaction volumes and prices, and the market's continued operation during full-scale war. It also highlights the divide between purchases by legal entities and individuals, alongside historical context on prices and transaction volumes since July 2021.
Background
Ukraine's agricultural land market opened on 1 July 2021. Since then, more than 405,000 plots covering nearly 1.2 million hectares have been sold. As of 3 March 2026, 334,803 purchase-and-sale agreements covering 1.001 million hectares had been concluded. The average hectare price rose 96% in hryvnia terms between July 2021 and early 2026, averaging 64,631 hryvnias over that period.
Annual sales were lower in 2026 than in 2025, when 121,284 plots covering 356,500 hectares were sold. In 2024, 106,669 plots covering 320,700 hectares were sold, followed by 40,850 plots covering 114,100 hectares in 2023, 23,122 plots covering 69,200 hectares in 2022 and 27,696 plots covering 100,300 hectares in 2021. In January 2025 the cost of a hectare rose 20% to 45,400 hryvnias while the volume of land sold grew 46%; by June 2025 the average reached 60,700 hryvnias, 60% above the market's start.
The government updated the methodology for normative monetary valuation of agricultural land in April 2026 and changed land-plot valuation rules in May 2026 to increase local-budget revenue. During the first year of operation, farmers paid 1.19 billion hryvnias for the use of state land leased through the state Land Bank via the ProZorro.Sale platform.