More than 850,000 rights and real estate transactions registered in Tatarstan in 2014

On January 14, speaking at an extended meeting of Federal service for state registration, cadastre and cartography in the Republic of Tatarstan and the branch of Federal Cadastre Chamber on results of work in 2014 and setting tasks for 2015 its chief Azat Zabbarov reported that more than 850,000 rights and real estate transactions were registered last year as in 2013. Tatarstan President Rustam Minnikhanov took part in the meeting.

The registration of land property rights increased by 37.4 per cent in 2014 as compared to previous year’s level, reaching almost 320,000 in total in the republic. The number of registered premises rights amounted to over 429,500 in 2014, which is 7.7 per cent less than a year earlier.

According to Zabbarov, the quantity of participatory construction agreements increased. The amount of registered agreements exceeded 17,000, showing a growth of 45 per cent. There is a significant increase in registered mortgages in Tatarstan the second year running. In 2014, the figure amounted to 100,000, which is 13 per cent more as in 2013.