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Score Card Survey on Rating of Real Estate Market Institute

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Authors


PhD, Associate Professor
Russia, Volga Institute of Management
tstrelnik@mail.ru

Abstract

International tool of scorecard is used for rating of international real estate markets. As a member of the expert group of the Saratov Region Chamber of Commerce and Industry, in 2012 the author conducted the scorecard survey on the sections on property right and financial transparency. The scorecard is interactive and it allows identifying the dynamics of the key indicators for rating of real estate market institutions in the RF since 2012 to 2014. 
The research was focused on the essential element of the real estate market - property right. The aim of the research was to investigate the level of legal protection of property right. It was concluded that:

  • rating of legal system of property right protection has demonstrated the weak position of the country;
  • rating of legal system effectiveness has shown the weak position of the country in dynamics;
  • availability of cadastral information, usage of Geoinformational System has put the Russian Federation on the high position; 
  • rating of registered property has indicated the strong position of the country in dynamics;
  • the amount of operations and calendar days to transfer property rights has placed Russia on the level of Europe and Central Asia.

The research has identified the priority directions of work to achieve transparency of real estate market in Russia.

Keywords

scorecard, rating, international real estate markets, institutions of real estate market, legal system on property right protection, Global Competitiveness report, property right, guarantee ownership, registry, cadastral information, registration of property right, business environment.

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Strel'nikova Tat'jana Aleksandrovna
Score Card Survey on Rating of Real Estate Market Institute// Modern Management Technology. ISSN 2226-9339. – #1 (49). Art. # 4907. Date issued: . Available at: https://sovman.ru/en/article/4907/

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