Kisunko, Gregory
Survey of Land and Real Estate Transactions in the Russian Federation Statistical Analysis of Selected Hypotheses / Kisunko, Gregory [electronic resource] : Kisunko, Gregory - Washington, D.C., The World Bank, 2007 - 1 online resource (44 p.) - Policy research working papers. World Bank e-Library. .
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.
10.1596/1813-9450-4115
Administrative Costs
Auctions
Cities
Common Property Resource Development
Communities & Human Settlements
Disclosure
Enterprises
Finance and Financial Sector Development
Land
Land and Real Estate Development
Land Prices
Land Pricing
Land Taxes
Land Use and Policies
Laws
Legislation
Local Government
Municipal
Municipal Financial Management
Municipal Governments
Municipal Housing and Land
Municipalities
Private Sector Development
Privatization
Productivity
Projects
Property
Public Sector Management and Reform
Real Estate Development
Revenue
Rural Development
Subnational Governance
Urban Development
Urban Governance and Management
Urban Housing
Survey of Land and Real Estate Transactions in the Russian Federation Statistical Analysis of Selected Hypotheses / Kisunko, Gregory [electronic resource] : Kisunko, Gregory - Washington, D.C., The World Bank, 2007 - 1 online resource (44 p.) - Policy research working papers. World Bank e-Library. .
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.
10.1596/1813-9450-4115
Administrative Costs
Auctions
Cities
Common Property Resource Development
Communities & Human Settlements
Disclosure
Enterprises
Finance and Financial Sector Development
Land
Land and Real Estate Development
Land Prices
Land Pricing
Land Taxes
Land Use and Policies
Laws
Legislation
Local Government
Municipal
Municipal Financial Management
Municipal Governments
Municipal Housing and Land
Municipalities
Private Sector Development
Privatization
Productivity
Projects
Property
Public Sector Management and Reform
Real Estate Development
Revenue
Rural Development
Subnational Governance
Urban Development
Urban Governance and Management
Urban Housing