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 privatization has been officially encouraged by the federal gov...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2007
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| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 Volltext |
| Zusammenfassung: | 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 |
| Beschreibung: | 1 Online-Ressource (44 Seiten)) |
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| 520 | 3 | |a 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 | |
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Datensatz im Suchindex
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| index_date | 2024-07-03T22:27:46Z |
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| spelling | Kisunko, Gregory Verfasser aut Survey of Land And Real Estate Transactions In The Russian Federation Statistical Analysis of Selected Hypotheses Kisunko, Gregory Washington, D.C The World Bank 2007 1 Online-Ressource (44 Seiten)) txt rdacontent c rdamedia cr rdacarrier 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 Online-Ausg Administrative Costs Auctions Cities Common Property Resource Development Communities & Human Settlements Disclosure Enterprises Finance and Financial Sector Development Land Land Prices Land Pricing Land Taxes Land Use and Policies Land and Real Estate Development Laws Legislation Local Government Municipal Municipal Financial Management Municipal Housing and Land Private Sector Development Real Estate Development Rural Development Urban Development Urban Housing Kisunko, Gregory Sonstige oth Coolidge, Jacqueline Sonstige oth Kisunko, Gregory Survey of Land And Real Estate Transactions In The Russian Federation http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4115 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Kisunko, Gregory Survey of Land And Real Estate Transactions In The Russian Federation Statistical Analysis of Selected Hypotheses Administrative Costs Auctions Cities Common Property Resource Development Communities & Human Settlements Disclosure Enterprises Finance and Financial Sector Development Land Land Prices Land Pricing Land Taxes Land Use and Policies Land and Real Estate Development Laws Legislation Local Government Municipal Municipal Financial Management Municipal Housing and Land Private Sector Development Real Estate Development Rural Development Urban Development Urban Housing |
| title | Survey of Land And Real Estate Transactions In The Russian Federation Statistical Analysis of Selected Hypotheses |
| title_auth | Survey of Land And Real Estate Transactions In The Russian Federation Statistical Analysis of Selected Hypotheses |
| title_exact_search | Survey of Land And Real Estate Transactions In The Russian Federation Statistical Analysis of Selected Hypotheses |
| title_exact_search_txtP | 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 Kisunko, Gregory |
| title_fullStr | Survey of Land And Real Estate Transactions In The Russian Federation Statistical Analysis of Selected Hypotheses Kisunko, Gregory |
| title_full_unstemmed | Survey of Land And Real Estate Transactions In The Russian Federation Statistical Analysis of Selected Hypotheses Kisunko, Gregory |
| title_short | Survey of Land And Real Estate Transactions In The Russian Federation |
| title_sort | survey of land and real estate transactions in the russian federation statistical analysis of selected hypotheses |
| title_sub | Statistical Analysis of Selected Hypotheses |
| topic | Administrative Costs Auctions Cities Common Property Resource Development Communities & Human Settlements Disclosure Enterprises Finance and Financial Sector Development Land Land Prices Land Pricing Land Taxes Land Use and Policies Land and Real Estate Development Laws Legislation Local Government Municipal Municipal Financial Management Municipal Housing and Land Private Sector Development Real Estate Development Rural Development Urban Development Urban Housing |
| topic_facet | Administrative Costs Auctions Cities Common Property Resource Development Communities & Human Settlements Disclosure Enterprises Finance and Financial Sector Development Land Land Prices Land Pricing Land Taxes Land Use and Policies Land and Real Estate Development Laws Legislation Local Government Municipal Municipal Financial Management Municipal Housing and Land Private Sector Development Real Estate Development Rural Development Urban Development Urban Housing |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4115 |
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