Price per hectare, quarter over quarter: +0.7% in hryvnia, down in dollars

The average price per hectare of agricultural land in Ukraine rose to UAH 54,981 by the end of Q2 2026 (April–June) — just 0.7% higher than in Q1 (UAH 54,605). In dollar terms the picture is different: the price actually fell, from $1,247 to $1,226, a 1.7% drop. We put both figures side by side and look at why the market’s pickup this time didn’t translate into a higher price.

Weighted average price across Ukraine, LandData Explorer’s composite methodology applied to purchase-sale deals; dollar figures use the official NBU rate at the end of the respective quarter.

The data confirms it: in hryvnia the price has practically stood still — a 0.7% quarterly gain is a statistically thin difference easily swallowed by ordinary market volatility. Tellingly, the result is even negative in dollar terms. The explanation here has nothing to do with land demand: over the quarter the official NBU rate rose from 43.80 to 44.85 UAH/$, meaning the hryvnia depreciated 2.4%. That pace of devaluation outran the already modest hryvnia price growth, so once converted to dollars, land got cheaper over the quarter even though its nominal price rose slightly.

What’s notable is that this price stagnation happened against a backdrop of a clearly livelier market: the number of registered purchase-sale deals grew from 25,930 in Q1 to 29,664 in Q2 (+14.4%), and the total area of plots sold rose from 56,330 to 63,346 ha (+12.5%). The market became more active and more liquid — that growth just showed up in deal volume rather than in price per hectare.

A straightforward explanation follows from those same figures: more deals doesn’t necessarily mean fiercer competition for land. If the number of plots listed for sale grows at roughly the same pace as demand, the price per hectare stays stable even as market turnover rises noticeably — and judging by the numbers, that’s exactly what’s happening.

For owners planning to sell, the main takeaway is not to bank on a sharp price jump but on a deeper, more liquid market: with 14.4% more deals, it’s easier to find both a buyer and comparable sales for reference. For buyers thinking in dollars, the quarter actually worked out well: land got 1.7% cheaper in dollar terms, even though its nominal hryvnia price barely moved.

The key factor behind this gap between hryvnia and dollar figures wasn’t land supply or demand, but the exchange rate: the hryvnia depreciated 2.4% over the quarter, and that devaluation ate up the entire nominal price gain. It’s a reminder that when assessing market trends, it pays to look at both dimensions at once — hryvnia and dollar — since they can tell different stories.