Land auctions in Volyn, Lviv region and Cherkasy region: the starting price increased 7.6 times

On October 17, large-scale land auctions took place in three regions of Ukraine - Volyn, Lviv, and Cherkasy - where state agricultural land was put up for sublease. The total area of ​​these plots was 670.6 hectares.

As the press service of the "Land Bank" reported, the auctions gathered considerable interest among the participants, which made it possible to significantly increase the final value of the lots. The starting price for all plots was UAH 2.7 million, but during the auction it increased 7.6 times and reached UAH 21.3 million.

Agricultural enterprises, farms and individuals took part in the bidding, submitting a total of 93 offers. Active competition among participants was noticeable, because on average 13 participants competed for one lot.

This contributed to the fact that the average price per hectare of land during auctions amounted to UAH 31.7 thousand. This level of value demonstrates the increased interest in agricultural land on the part of the Ukrainian agricultural sector.

Representatives of both large agricultural enterprises and small farmers actively participated in the auctions, which confirms the attractiveness of the transparent system of land auctions. They allow different categories of agribusinesses to access public lands and participate in fair competitive bidding.

Land auctions held in these regions not only contribute to the development of the agricultural sector, but also confirm the effectiveness of new approaches to the management of state lands, ensuring equal opportunities for all market participants.