Even a garage can serve as an example of how a true market works

An online auction for the privatization of a garage in the Lviv region demonstrated that when there is open competition, the property’s true market value is established.

Twelve participants competed for a lot measuring just 14 m². As a result of active competition during the bidding, the price rose 225-fold—from a starting bid of UAH 2,666 to a winning bid of UAH 600,200. Additionally, the winner must pay UAH 120,000 in VAT.

This is further proof that open online auctions via “Prozorro.Sales” allow the state to achieve maximum economic results. It is competition among participants that determines the real value of an asset—regardless of its scale or size.

After full payment of the lot’s cost, including VAT, the new owner will take possession of a garage with a total area of 14 m².

Privatization is not just about large assets. It is about effective management of state property, transparency, and a fair market price.

Join the online privatization auctions! This is your chance to become the owner of promising properties and to contribute to supporting Ukraine’s economy and defense capabilities, as all proceeds go to the state budget. More offers for the privatization of state property from the State Property Fund of Ukraine can be found at https://privatization.gov.ua and on the Telegram channel “Privatization in Ukraine.”