The Land Plots Market and Housing Mortgage Lening in Russia in 2012

Russian Economy in 2012. Trends and Outlooks. Issue 34. Moscow 2013

21 Pages Posted: 30 Aug 2013

See all articles by Georgy Zadonsky

Georgy Zadonsky

Gaidar Institute for Economic Policy

Date Written: August 30, 2013

Abstract

According to the RF Federal Service for State Registration, Cadastre and Cartography (Rosreestr), the land area in the ownership of RF individuals continues to decrease. As of 1 January 2012, it amounted to 119.6 million hectares (m ha) (7% of the total land surface) vs. 121.4 m ha (7.1%) in 2011 (Table 15). By contrast, the land area in state or municipal ownership and in the ownership of legal entities is on the rise. Over the course of last year, the area of land plots in the ownership of legal entities increased by 1.5 m ha, to 13.5 m ha, or to 0.8% of the total land surface, which represented a 0.3 pp. increase on 2009. In the main, these changes resulted from transfers of the ownership of participatory shares in the right of common ownership to land plots of agricultural designation.

Keywords: Russian economy, land market, housing prices

JEL Classification: G21, K11, L74, L85, R14, R21, R31, R52

Suggested Citation

Zadonsky, Georgy, The Land Plots Market and Housing Mortgage Lening in Russia in 2012 (August 30, 2013). Russian Economy in 2012. Trends and Outlooks. Issue 34. Moscow 2013, Available at SSRN: https://ssrn.com/abstract=2318361 or http://dx.doi.org/10.2139/ssrn.2318361

Georgy Zadonsky (Contact Author)

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

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