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We would like to present the overview of the most important legislation changes in real estate for 2016.

At both the federal and local levels, a number of regulations imposing restrictions on private business activities have been adopted in reaction to the spread of COVID-19 in Russia.

The law under consideration enters into force on 1 January 2017 substituting the current Federal Law No. 209-FZ dated 26 December 1995 "On Geodesics and Cartography".

Chapter 54 of the Russian Civil Code is dedicated to franchising. According to that law, the parties to a franchising contract may be any commercial entities or individual entrepreneurs.

At the end of 2004, the Russian Federation State Duma adopted a complex of new regulatory acts in the sphere of real estate legislation, which, consequently, has been significantly changed and supplemented.

Summer 2018 saw the adoption of a number of federal laws amending the RF Town-Planning Code. Here are the main changes important for developers:

In recent years, the real estate market in Russia has been one of the most dynamic markets in terms of volume of investments. In 2004, prices in major sectors of the market reached levels which existed prior to the financial crisis of 1998.

Ministry of Economic Development of Russia Decree No. 846 of December 27, 2016 "On Approval of the Procedure for Considering a Declaration of the Characteristics of a Real Estate Property, including its Form"...

Overview of the most important changes for the second quarter of 2015 in Russian real estate legislation.

The recession in Russia has caused quite a stir, but overseas property is still popular.

We remind readers that since October 3, 20162 provisions have been in effect on the cultural heritage site protection zones that are set around monuments and ensembles that do not have protection zones.

The Moscow office market has changed dramatically over the past 15 years. While many office buildings have been constructed, demand for new and better office space has increased at least as quickly. Therefore, rents are still high. Annual rent, which often does not include operating expenses and utilities charges, for class A offices ranges from about US $500 to US $800 per square meter.

According to Russian legislation, a receivable contract is required to be made in writing when at least one of its parties is a legal person, or when the contract value made between individuals is more than a certain threshold (currently, approx. USD 400), or in some other cases directly prescribed by law.

The Law updates the rules and principles of procurement by certain types of legal entities.

The first and most noticeable change was the creation of a specialized compensation fund whose aim is to pay funds to individual participants of shared construction if the developer goes bankrupt.

Действующее налоговое законодательство ...

We remind readers that in accordance with the Russian Federation Town-Planning Code, the general plan is implemented, inter alia, by taking the actions envisaged by approved...