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Privatization, lease of state property and evaluation of real estate became open and transparent due to digitalization

Overcoming shadow schemes in privatization, launching the resource orenda.gov.ua, which made the lease of state property convenient and transparent, savings by citizens over UAH 2 billion on real estate valuation, the development of an electronic document flow system is the result of increased digitalization of all activities of the State Property Fund in 2021.

This was stated by the Chairman of the Fund Dmytro Sennychenko.

According to him, digitalization is a priority in all areas of the Fund’s work - privatization, lease, and evaluation.

In privatization, due to the launch of the privatization.gov.ua website in 2020, it was possible to overcome shadow schemes when important information about objects was hidden. As a result, the average number of bidders has increased from 2 to 5, with dozens of bidders competing in some auctions. This had a positive impact on the growth in the value of assets, now on average prices are growing by 150%, against 21% in 2019 before the introduction of transparent procedures.

The event of 2021 was the opening of a new information resource - the website orenda.gov.ua. It contains information on more than 6,700 leased or vacant properties. Using search filters, site users quickly find the object they are interested in, get acquainted with it and register for an online auction.

In real estate valuation, a positive effect is demonstrated by the free service introduced by the Fund for entering information into the Unified Database of Valuation Reports.It work made it possible to eliminate intermediary platforms and, thus, save citizens more than UAH 2 billion.In 2021, the reform of valuation activities continued. The service for automatic determination of the appraised value of real estate objects evaluation.spfu.gov.ua was put into operation. Citizens can now evaluate their property for free. They have already saved about UAH 80 million on the creation of certificates on the estimated value of real estate.

The implementation of the electronic document flow of the State Property Fund, which started in 2020, continues. During this time, more than 1 million sheets of documents have already been digitized.

“It is thanks to the latest technologies we minimized contacts between citizens and officials, gave potential investors access to a huge amount of information about privatization and lease objects, and implemented a fundamental principle”, which radically distinguishes modern privatization, rent and evaluation of what was before. Ambitious plans are ahead - the modernization of the Unified Register of State Property Objects, which contains information on more than 1 million units of state property. This is, in particular, the development of new software with a user-friendly interface.Every Ukrainian will have access to public information about state property, including the geolocation of objects. Digitalization opens up tremendous opportunities that are used for the benefit of citizens and for the development of the Ukrainian economy. The State Property Fund will move in this direction in the future as well”, said Dmytro Sennychenko.