Survey of Land and Real Estate Transactions in the Russian Federation : Statistical Analysis of Selected Hypotheses
This paper analyzes land transactions between municipalities and private businesses based on official data and business surveys in 15 regions of the Russian Federation. Since the Russian Federation passed the new Land Code in 2001, land privatizati...
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| Format: | Policy Research Working Paper |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2007/01/7326934/survey-land-real-estate-transactions-russian-federation-statistical-analysis-selected-hypotheses http://hdl.handle.net/10986/7144 |
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okr-10986-71442021-04-23T14:02:32Z Survey of Land and Real Estate Transactions in the Russian Federation : Statistical Analysis of Selected Hypotheses Kisunko, Gregory Coolidge, Jacqueline ACCESS TO LAND ADMINISTRATIVE COSTS AUCTIONS CITIES COMMERCIAL REAL ESTATE CONSTRUCTION LAND CODE LAND LEASE LAND MARKET LAND OWNERSHIP LAND PRICES LAND PRICING LAND PRIVATIZATION LAND RIGHTS LAND SALES LAND TAXES LAND TRANSACTIONS LANDS LAWS LEASES LEASING LEGISLATION LOCAL GOVERNMENT MUNICIPAL MUNICIPAL GOVERNMENTS MUNICIPALITIES POINTS PRIVATE LAND PRIVATE OWNERSHIP PRIVATE PROPERTY PRIVATIZATION PRIVATIZATIONS REAL ESTATE REAL ESTATE TRANSACTIONS RENTS VACANT LAND This paper analyzes land transactions between municipalities and private businesses based on official data and business surveys in 15 regions of the Russian Federation. Since the Russian Federation passed the new Land Code in 2001, land privatization has been officially encouraged by the federal government and in particular, land under previously privatized buildings was supposed to be privatized to the owner at a nominal price. The paper shows that many subnational authorities (which own or control the vast majority of land of interest to businesses) appear to use a combination of high statutory land buy-out prices and administrative barriers to deter land privatization and to offer "long-term leases" (which are not fully marketable) instead. On the other hand, regions that have established low buy-out prices and taken steps to remove unnecessary administrative barriers to land privatization appear to have higher rates of land ownership by businesses, and to face lower levels of corruption in the privatization process. The paper concludes that further reductions in the statutory prices for privatization of land under buildings and elimination of unnecessary administrative barriers should help to encourage further land privatization and the development of a competitive, secondary market in commercial land. 2012-06-05T18:13:51Z 2012-06-05T18:13:51Z 2007-01 http://documents.worldbank.org/curated/en/2007/01/7326934/survey-land-real-estate-transactions-russian-federation-statistical-analysis-selected-hypotheses http://hdl.handle.net/10986/7144 English Policy Research Working Paper; No. 4115 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Europe and Central Asia Russian Federation |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCESS TO LAND ADMINISTRATIVE COSTS AUCTIONS CITIES COMMERCIAL REAL ESTATE CONSTRUCTION LAND CODE LAND LEASE LAND MARKET LAND OWNERSHIP LAND PRICES LAND PRICING LAND PRIVATIZATION LAND RIGHTS LAND SALES LAND TAXES LAND TRANSACTIONS LANDS LAWS LEASES LEASING LEGISLATION LOCAL GOVERNMENT MUNICIPAL MUNICIPAL GOVERNMENTS MUNICIPALITIES POINTS PRIVATE LAND PRIVATE OWNERSHIP PRIVATE PROPERTY PRIVATIZATION PRIVATIZATIONS REAL ESTATE REAL ESTATE TRANSACTIONS RENTS VACANT LAND |
| spellingShingle |
ACCESS TO LAND ADMINISTRATIVE COSTS AUCTIONS CITIES COMMERCIAL REAL ESTATE CONSTRUCTION LAND CODE LAND LEASE LAND MARKET LAND OWNERSHIP LAND PRICES LAND PRICING LAND PRIVATIZATION LAND RIGHTS LAND SALES LAND TAXES LAND TRANSACTIONS LANDS LAWS LEASES LEASING LEGISLATION LOCAL GOVERNMENT MUNICIPAL MUNICIPAL GOVERNMENTS MUNICIPALITIES POINTS PRIVATE LAND PRIVATE OWNERSHIP PRIVATE PROPERTY PRIVATIZATION PRIVATIZATIONS REAL ESTATE REAL ESTATE TRANSACTIONS RENTS VACANT LAND Kisunko, Gregory Coolidge, Jacqueline Survey of Land and Real Estate Transactions in the Russian Federation : Statistical Analysis of Selected Hypotheses |
| geographic_facet |
Europe and Central Asia Russian Federation |
| relation |
Policy Research Working Paper; No. 4115 |
| description |
This paper analyzes land transactions
between municipalities and private businesses based on
official data and business surveys in 15 regions of the
Russian Federation. Since the Russian Federation passed the
new Land Code in 2001, land privatization has been
officially encouraged by the federal government and in
particular, land under previously privatized buildings was
supposed to be privatized to the owner at a nominal price.
The paper shows that many subnational authorities (which own
or control the vast majority of land of interest to
businesses) appear to use a combination of high statutory
land buy-out prices and administrative barriers to deter
land privatization and to offer "long-term leases"
(which are not fully marketable) instead. On the other hand,
regions that have established low buy-out prices and taken
steps to remove unnecessary administrative barriers to land
privatization appear to have higher rates of land ownership
by businesses, and to face lower levels of corruption in the
privatization process. The paper concludes that further
reductions in the statutory prices for privatization of land
under buildings and elimination of unnecessary
administrative barriers should help to encourage further
land privatization and the development of a competitive,
secondary market in commercial land. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Kisunko, Gregory Coolidge, Jacqueline |
| author_facet |
Kisunko, Gregory Coolidge, Jacqueline |
| author_sort |
Kisunko, Gregory |
| title |
Survey of Land and Real Estate Transactions in the Russian Federation : Statistical Analysis of Selected Hypotheses |
| title_short |
Survey of Land and Real Estate Transactions in the Russian Federation : Statistical Analysis of Selected Hypotheses |
| title_full |
Survey of Land and Real Estate Transactions in the Russian Federation : Statistical Analysis of Selected Hypotheses |
| title_fullStr |
Survey of Land and Real Estate Transactions in the Russian Federation : Statistical Analysis of Selected Hypotheses |
| title_full_unstemmed |
Survey of Land and Real Estate Transactions in the Russian Federation : Statistical Analysis of Selected Hypotheses |
| title_sort |
survey of land and real estate transactions in the russian federation : statistical analysis of selected hypotheses |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2007/01/7326934/survey-land-real-estate-transactions-russian-federation-statistical-analysis-selected-hypotheses http://hdl.handle.net/10986/7144 |
| _version_ |
1764401421444186112 |