Russia: Real Estate Report for 2017
In 2017 we have observed excellent progress in Russian laws and court practice regarding investments and other transactions on real estate. Most important are the merger of the Unified State Register on Real Estate and Transactions Therewith (which contained information on rights to real estate) and the Real Estate Cadastre (which contained information on the technical features of real estate) to the new Unified Real Estate Register and the amendments related thereto which will lead to a substantial improvement of legal certainty regarding real estate transactions. Financing will be facilitated by the new provisions on letters of credit, escrow agreements and mortgages. Other amendments concern town planning, financing construction of residential houses and lease agreements.
Real Estate Report 2017 >>