Where do land auctions take place?

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02.07.2023 17:51 455

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Photo of lorina200215 Lorina Fedan

Land auctions are conducted in the electronic trading system (electronic auction) in real time on the Internet, based on the results of which a contract of sale, lease, superficiation, emphyteussis of the land plot is concluded with the participant (winner) of the land auction, who offered the highest price for the land the plot for sale, or the highest price for the acquisition of emphytheusis rights, surface area, or the highest amount of rent fixed during land auctions (Article 135 of the Land Code of Ukraine).

03.07.2023 16:05

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