Share Tweet Pocket Add to Bookmarks
You're reading: How to sell land

There is muted excitement in Ukraine that the authorities may soon bring forward proposals to allow the sale of agricultural land, either later this year or in early 2012. Although most agricultural land in Ukraine has been privatised in some form or other, a moratorium on sales of agricultural land remains in place.

The combination of the moratorium; a land privatisation model which left millions of small-holders with tiny plots; and economic policies (eg grain export quotas) that deter long-term investors, has resulted in great swathes of land in Ukraine lying fallow. In addition, it is difficult to use land as collateral for loans for agricultural investment.

Proponents of lifting the moratorium argue that it would release a flood of investment, boost output and land prices and increase GNP growth by up to 2%. But others argue liberalisation is risky because foreigners might buy the land and might exploit it without regard for wider considerations, such as the environment. Some politicians therefore argue that land sales should be subject to tough conditions: for example, limiting sale to Ukrainians or imposing strict rules about land use.

Exclusive article

Sign up or subscribe to view more articles.
See All Plans
$5.95
Monthly plan
Get unlimited article access, anytime, anywhere.

Subscribe
$60
Yearly plan
Access all the exclusive content on KyivPost.com and the complete online archive.
Subscribe
Advertisement

Add comment

Sorry, you must be logged in to post a comment.
Attention

Add a picture
Choose file
Add a quote
Attention

Are you sure you want to delete your comment?

Attention

Are you sure you want to delete all user's comments?

Attention

Are you sure you want to unapprove user's comment?

Attention

Are you sure you want to move to spam user's comment?

Attention

Are you sure you want to move to trash user's comment?

Spelling error report

The following text will be sent to our editors: