Auctions worth millions or how Ovrutska AH earned millions thanks to abandoned plot of land

Contributor: Оleksandr Hnitetsky, adviser on spatial planning and resource management at Zhytomyr Local Government Development Centre

Land, which is now being covered by forests, can generate millions of hryvnas in revenues for hromadas. But how can one turn this statement in real money for the budget of a hromada? The Ovrutska AH has developed its best practice for the auction sale of land. On 15 March, 2018 it sold a municipal plot of land covering 4 ha at an auction for UAH 2.2 million. The original price increased by more than UAH 100,000.

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budget

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