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
Date Written: August 30, 2013
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
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