The market of land plots in Russia in 2015
Georgy Zadonsky
Published Papers from Gaidar Institute for Economic Policy
Abstract:
According to the data released by the Rosreestr, the area of land plots owned by Russian nationals keeps decreasing and as of 1 January 2015 amounted to 115,400,000 ha or 6.8% of the land of the Russian Federation against 117m ha (6.84%) as of 1 January 2014. On the contrary, the area of land in public and municipal ownership and ownership of legal entities keeps growing. Within a year, the area of land plots owned by legal entities increased by 1.3m ha and amounted to 17.2m ha or 1.0% of the land of the Russian Federation. The area of land plots in public and municipal ownership increased by 37,900 ha. As of 1 January 2015, Russian nationals’ land shares decreased by 3.0m ha and amounted to 5.2% (89.3m ha) of the country’s land or 67.3% of land in private ownership. A decrease in the area of land in shared ownership is regarded as positive factor as land plots in shared ownership by virtue of incompleteness of that title are used inefficiently.
Keywords: Russian economy; land market (search for similar items in EconPapers)
JEL-codes: G21 K11 L74 L85 (search for similar items in EconPapers)
Pages: 3 pages
Date: 2016, Revised 2016
New Economics Papers: this item is included in nep-cis, nep-cse and nep-tra
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Citations:
Published in RUSSIAN ECONOMY IN 2015 TRENDS AND OUTLOOKS (ISSUE 37)
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https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2016-245.pdf Revised version, 2016 (application/pdf)
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Persistent link: https://EconPapers.repec.org/RePEc:gai:ppaper:ppaper-2016-245
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