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The cost of land in Ukraine could grow three times after the lifting of the moratorium - World Bank

In the case of lifting the moratorium on sale of farmland The World Bank is ready to provide more financial assistance to Ukraine, and land prices rise.

This was stated in an interview with Bloomberg Satu Kahkonen, World Bank Director for Ukraine, Belarus and Moldova.

The World Bank predicts, that prices for the sale of land to grow 3-3,5 thousand dollars per hectare compared to 1-1,5 thousand dollars, operating current.

“Business is ready to pay more for certainty and the ability to avoid investment risks. Technical work on the lifting of the moratorium in Ukraine actually completed”, – Kahkonen said and stressed, it will increase financial aid to Ukraine.

Also in the publication that referred Bloomberg, Ukrainian landowners who receive the lowest price for the lease of land in Europe while the, Ukrainian soil quality — one of the highest in the world.

But the government is delaying the issue of land market before the elections to avoid reputation risks.

“Politicians use moratorium, in order to “protect farmers”, Although really just trying to get electoral dividends”, – said in an interview with Bloomberg Maxim Martyniuk, First Deputy Minister of Agrarian Policy.

As you know, 7 December last year, the Council extended the moratorium on land sales.

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