Federal Law “On Amendments to the Federal Law “On appraisal activities in the Russian Federation” and Article 3 of the Federal Law “On Amendments to the Federal Law “On appraisal activities in the Russian Federation” adopted by the State Duma on May 22, 2015 were approved by the Federation Council on June 3 and signed by the President of the Russian Federation on June 8, 2015. The new federal law establishes a uniform type of examining evaluation reports – a value-based. The changes took effect on July 1, 2015. Appraisal business is expecting new developments in self-regulation and taxation systems. The chairman of the RF State Duma Committee on economic policy, innovative development and entrepreneurship, president of the Association of Regional Banks of Russia Anatoly G.Aksakov told about the vectors of changes in economic policy and, accordingly, in the appraisal activities.
The material represents a monitoring review of assessment activities in Russia. The author states the deepening of business climate trouble degree in industry and continuing intervention of state to assessment business as reaction to this trouble. Despite unfavorable environment the present period is quite interesting from the point of view of corporate strategy building for managers of assessment companies, as the choice of right development strategy may assure significant success upon exit from crisis.
Improved methodology of state cadastral valuation, absence of frequent revision of its results in the future – one of the key components of developing investment strategies in real estate and construction markets. Kirill Y.Kulakov, the first deputy general director of the Center for Property Independent Expertise, a member of the Council on evaluation activities at the Ministry of Economic Development of Russia, the MGSU professor, doctor of economic sciences, FRICS, in his interview with “ES” magazine told about these, as well as other large-scale legislative innovations in the sphere of assessment activities.
In November 2014 the property market has officially adopted the international standard of office premises measurement released by the International Property Measurement Standards Coalition (IPMSC). This first of its kind document offers a general scheme for measuring office buildings throughout the world and, by the way, is available in Russian. Recently RICS (Royal Institution of Chartered Surveyors in the field of real estate) has unified its Code of real estate measurement with IPMS. The updated code contains the information required by certified surveyors for measuring customers’ office buildings in accordance with the international standard. Update was published in the form of professional declaration and ensures implementation of identical measurements on all real estate markets. We spoke with one of the RICS members Sergey Chemerikin about how this standard can affect the real estate assessment, as well as about its prospects in the Russian market.
The article discusses the role of the state cadastral valuation of real estate for tax purposes in socio-economic development of the country, formulates requirements of the society to the future system of state cadastral valuation of real estate, sets out the principles of the cadastral valuation system creation. Particular attention is paid to disclosing the content of the future model of real estate state cadastral valuation and its advantages.