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Land privatization

Russian Prime Minister calls for land privatization

Published on Aug. 2, 2012

 
Read Russian Prime Minister calls for land privatization

“I believe we need to prepare for privatization of land sites” declared Russian Prime Minister, Dmitry Medvedev.

Land property has been under discussion for many years. Some experts defend privatization, while others allege land is a generational wealth that can not be sold. “But what do we have as a result? We frequently see the degradation of the land stock and the absence of real possibilities for construction, including housing and social infrastructure. That is why we need after all to make these decisions” Medvedev responds to that point of view. Some government officers state it is necessary a cadastral revaluation before privatization can be possible.

Land private property was established in 2001 through Land Code, which allowed private land ...

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