Realestate Experts: The land is overpriced

The Ukrainian government is planning to increase the normative appraisal of the value of land before lifting the moratorium on its sale, owners of land plots will not turn a profit from this policy, according to KyivWeekly. The Cabinet has said it will issue a resolution according to which the normative appraisal of the value of Ukrainian land in money terms will be increased 1.7 times so that the average price of a hectare will increase from UAH 12,000 to 20,000 and in the regions where there is black soil the price of land may grow even more.

Vice Chairman of State Land Agency of Ukraine (SLAU) Mykola Kalyuzhniy told the press last week that such a sharp rise in the prices will ensure that Ukrainian land owners will not get ripped off and their financial standing will be improved by holding onto their arable land.

Source: Unian