The Second Online Platform for the Sale of Ukrainian Agricultural Land Was Launched

Thursday, July 15, 2021
2 MIN
The Second Online Platform for the Sale of Ukrainian Agricultural Land Was Launched

Investment company "Concorde Capital" has launched an online platform for the sale of agricultural land, "KupiPai", which brings together land shareowners, investors, and agricultural holdings

The platform offers potential participants more than ten services for the sale and purchase of agricultural land, including the execution of turnkey transactions. This was reported by the press service of the company.

According to the forecasts of Concorde Capital, at the first stage of the opening of the land market, 1 hectare of black soil will cost on average about $2,000. The tenant agro holding will pay rent in the amount of $ 150-200 per year. The guaranteed rental income is expected at the level of 7-10% per annum. Land price growth is projected at the level of 15-20% per year by analogy with the price trends in most European countries after the opening of the land market.

Investment companies believe that investing in the purchase of land is a more profitable alternative to investing in residential real estate and bank deposits. When investing in residential real estate, the average income is 5-7% per annum. The rate on long-term deposits in hryvnia (national currency) is 6-8%, in dollars — 1-3% per annum. At the same time, when leasing land to an agricultural holding, the investor will receive 7-10% per annum.

KupiPai is the second online service for the sale of agricultural land, launched in Ukraine in the last month. At the end of June, the Dobrozem platform, created by the general director of the IMC agricultural holding Alex Lissitsy and the ex-minister of the cabinet of ministers Dmitry Dubilet, began to work.

On March 31, 2020, the government of Ukraine adopted a law on the turnover of agricultural land. According to the law, from July 1, individual citizens of Ukraine will be able to buy agricultural land plots. For more details see here. According to the speaker of the government,  the land market can also be opened for foreigners, but only after the referendum.

On June 24, the general director of the IMC agricultural holding Alex Lissitsa and the ex-minister of the cabinet of ministers Dmitry Dubilet announced the launch of the online market of the land Dobrozem.

You will be interested