Russian Law and Land Privatisation

It is doubtless that land privatisation is one of the aspects of establishing market relations and economic order in Russia. Besides the economic and legal significance, this problem has an essential ethical aspect, as only the combination of these three aspects and the investigation of them in their interrelations and their mutual development can give the desired result for the most efficient development of the society. The concept of real estate, as it is understood in Western countries now, involves land and buildings and constructions on land. In contemporary Russia, land and real estate are not identical categories. Probably, this diversity resulted from the process of privatisation, when first the property of enterprises was bought, then the buildings were bought, and only after that the land plots were bought out.