Photo from UNIAN
President Zelensky earlier said foreigners and foreign entities would be allowed to buy land only if the idea found support at an all-Ukrainian referendum.
After the land market opens in Ukraine, a 1-hectare land plot will be sold at $2,200, Deputy Minister of Economy Taras Vysotsky suggests.
"Our calculations show that if we apply the proposed model, which is valid, it will be an average of $2,200 (the equivalent) per hectare," he told Radio NV.
"Based on the limited model, with restrictions, it will be a maximum of $1,500. This is the cost of restrictions (that's if 'only Ukrainians can buy')," the minister said.
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As UNIAN reported earlier, on November 11, President Volodymyr Zelensky said foreigners and foreign entities would be allowed to buy land only if the idea found support at an all-Ukrainian referendum.
In early September, Zelensky told the government to prepare, and Parliament to adopt, until December 1, a bill on the farmland market with the lifting of the moratorium on land sales.
A September poll by Kyiv International Institute of Sociology claimed 52% of Ukrainians disapprove of the idea of the ban lift. Only 35% of respondents support Zelensky's initiative, while 64% stand for putting the issue up for a referendum.