PM Honcharuk: Land market to open from October 1, 2020

PM Honcharuk: Land market to open from October 1, 2020

The land market in Ukraine will open starting from October 1, 2020.

"The model we currently offer provides for opening the land market on October 1 next year," Prime Minister of Ukraine Oleksiy Honcharuk said at a conference on land management reform “Land as a factor in the development of Ukrainian village,” an Ukrinform correspondent reports.

He noted that it would open gradually as experts advise.

"We open the land market not right away. We thought to do it starting from July 1 next year. However, then we had consultations and decided that doing it in summer was not a good idea," the Prime Minister explained.

He assured that Ukrainian lessees would have a prior right to buy the land.

"Of course, we will guarantee the rights of those who currently have a lease on the land to buy it first. This is absolutely necessary. We do not want those, who are cultivating the land, to lose an opportunity to cultivate it further," Honcharuk said.

As the PM noted, the foreign companies are currently operating on Ukrainian land. "And now I see no reason to expel a foreign investor," the Head of Government added.

Earlier on Thursday, President Volodymyr Zelensky said that the proposed land market model envisaged that only Ukrainians and Ukrainian companies would have the right to buy and sell land.


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