Ukraine's agricultural land market slowed in the third quarter of 2026, although land prices continued to rise. According to the KSE Agrocenter at the Kyiv School of Economics, 43,700 hectares of agricultural land were sold between July and September, down 18% from the previous quarter and 15% compared with the same period in 2025. A total of 22,400 transactions were completed during the three months, representing a 14% quarterly decline.
Market activity reached its lowest level in August. Analysts partly attribute the slowdown to disruptions in maritime exports caused by attacks on port infrastructure and threats to shipping. These conditions affect farmers' revenues and discourage investment in land assets. Activity partially recovered in September, although overall transaction volumes remained below the previous year's levels.
Despite fewer transactions, agricultural land prices continued to increase. The average price per hectare for transactions concluded in 2026 rose to UAH 105,800, up 4.6% compared with the figure calculated as of May. In September, the average price reached UAH 125,600/ha, while the area-weighted average stood at UAH 82,000/ha. The difference reflects the calculation methods: larger plots have a greater influence on the area-weighted figure.
Land prices vary significantly across regions. The highest prices were recorded in Ivano-Frankivsk region at UAH 297,100/ha and Lviv region at UAH 292,200/ha. The lowest prices were observed in Donetsk region at UAH 38,700/ha, Mykolaiv region at UAH 47,500/ha, and Kherson region at UAH 48,300/ha. According to KSE, market land prices in the third quarter were 1.74 times higher than the official normative monetary valuation. This indicates a widening gap between the administrative valuation of agricultural land and its actual market value.
Original source: KSE Agrocenter