Ukrainian farmland prices jump 26% year-over-year

Agricultural land market trends in Ukraine

According to Главком: As of April 2026, Ukraine's agricultural land market shows sharp price increases, a widening regional gap, and fewer transactions despite a higher average cost per hectare. In the first four months of 2026, the national average price per hectare reached 75,138 hryvnias-26% more than during the same period in 2025. This surge reflects growing investor interest in the sector, even as deal volumes decline.

Regional price disparities

Ivano-Frankivsk Oblast continues to lead the price rankings at 246,873 hryvnias per hectare. Nine of the ten most expensive regions are located in western Ukraine. The top ten also includes:

• Lviv Oblast (180,153 UAH/ha)
• Ternopil Oblast (134,872 UAH/ha)
• Kyiv Oblast (123,909 UAH/ha)

The cheapest land is in Sumy Oblast, where a hectare costs just 43,000 hryvnias.

Transaction volumes fell in 2026: 82,100 hectares were sold between January and April, compared to 92,900 hectares during the same period in 2025. Land prices peaked in January 2026, when the cost per hectare hit 95,700 hryvnias. Since the land market opened in July 2021 through April 2026, 1.86 million transactions have been recorded, with total deal value exceeding 50 billion hryvnias.

The Institute of Agrarian Economics forecasts a potential average price drop to 54,000–62,000 hryvnias per hectare by the end of 2026, though its baseline scenario expects a further 10–14% increase. Based on first-quarter 2026 data, Ivano-Frankivsk (179,600 UAH/ha) and Kyiv (178,200 UAH/ha) remain the priciest regions.

In April, the Cabinet of Ministers reduced the standard monetary valuation of land in several southern oblasts, a move that could influence the market in the near future.

The rising cost of agricultural land in Ukraine points to strong investor activity, but the shrinking number of deals may signal market constraints. The deepening regional price gap risks creating additional economic imbalances that require government attention. The reduction in standard land valuations also suggests possible shifts in policy aimed at market regulation and support for the agricultural sector amid economic instability.

The recent surge in agricultural land prices in Ukraine reflects broader trends in the region's agricultural sector. As the market experiences fluctuations, it is essential to consider how these developments compare to other countries facing similar challenges. For instance, Russia's struggle with grain reserves highlights the competitive landscape in agriculture, making it crucial for investors to stay informed about regional dynamics.