Land Market 2025: Where Land Is More Expensive — and Why It Matters for Security and Investment

In 2025 legal entities bought more than 43,000 plots of land, while individuals purchased over 72,000. We examine how the price landscape correlates with the frontline, investment flows and reconstruction plans.

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Volumes and prices: in brief

The Ministry of Economy reports: from January to mid‑December 2025, more than 340,000 hectares of agricultural land were transferred in Ukraine — roughly 115,000 parcels.

Of these, legal entities purchased 43,012 parcels (128,212 ha) at an average price of 74,323 UAH/ha; individuals purchased 72,597 parcels (211,962 ha) at an average price of 47,246 UAH/ha.

Regional divide: west versus frontline regions

Prices are clearly tied to security and infrastructure. The highest figures are in western and central oblasts: Ivano‑Frankivsk Oblast — up to 165,615 UAH/ha, Ternopil Oblast — up to 126,068 UAH/ha, Lviv and Vinnytsia oblasts — in the range of 80,000–100,000 UAH/ha.

By contrast, in frontline regions (Kherson, Mykolaiv, Zaporizhia) average levels remain significantly lower — around 35,000–38,000 UAH/ha. This reflects investment risks, logistics accessibility and the condition of land management.

"Despite the full‑scale war, the market retains functionality and demonstrates consistent development. If at the initial stage of opening the market the key factor was the size of the land bank, then in 2025 the focus has shifted to the quality of plots and their location. [...] The highest land prices remain in western and central oblasts, while in frontline regions the cost stays significantly lower,"

— Ministry of Economy

Why this matters to everyone

The price of land is not just about the agricultural business. It is an indicator of investor confidence, willingness to finance reconstruction, and the reality of logistical risks. High values in secure regions indicate a reorientation of capital toward stability; low prices in frontline oblasts reflect, on the one hand, risks and, on the other, potential for future rebuilding.

Regulatory context

The land market was opened on 1 July 2021. For the first two and a half years only individuals could buy; from 1 January 2024 resident companies were also allowed to purchase, with a limit — 10,000 ha per owner for both individuals and legal entities. This legal framework shapes the boundaries for concentration and investment, but also raises questions about control and transaction transparency.

What to watch next

Analysts point to three key markers: price dynamics in liberated and restored territories, activity of foreign and domestic investors, and the effectiveness of the land reform in terms of transparency and protection of landowners' rights. If these markers are positive, land could become an engine not only for the agricultural sector but also for regional reconstruction.

Questions for the future: will the market’s focus shift from security and accessibility to a tool of genuine reconstruction — or will it remain a mechanism for the consolidation of assets? The answer will determine who benefits and how from the land market in post‑war Ukraine.

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