We analysed the draft of the new state cadastral valuation of land in Moscow, which is to start applying from 2027.
The aggregate cadastral value of land in the capital rises at once by 34%, to 26.96 trillion roubles.
The average figure says little here. The increase is distributed very unevenly:
• Petrol stations in New Moscow +172%
• low-rise development +88%
• gardening +77%
• petrol stations within Moscow's old boundaries +65%
The main geographical shift is New Moscow. The cadastral value of land there is in effect catching up with the price level that has already formed on the market.
Why this matters: a state cadastral valuation is not simply figures in the Unified State Register of Real Estate (EGRN). The new value will become the base for land tax, for rent payments to the city, and for a number of payments by developers connected with the use of land.
We told RIA Real Estate where Moscow revalued land the most, and why hotels barely changed against that background.
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