They must lease or rent out the land their real estate is built on. The Russian real estate market has a relatively short history. In 2018, roughly 50 percent of Germans were a owner-occupier. Since the household pays no taxes on this land, a degree of private ownership exists in Russia which is, in an economic sense, far more in harmony with laissez-faire ownership than our own system. The advantage being that, since the house will be opted out of your own finances (making you legally owner immediately) then you can have more control over how your dream home is constructed. Search for real estate in Russia and find real estate listings in Russia. That is not true. The real estate laws are continuously changing to ensure careful research is carried out on the property history because, in some instances, your ownership rights may be challenged by previous owners or people formally registered in the apartment. Russians often view Soviet-era apartments and communal rooms as having been given out "for free" because there was no initial cost to occupy the space and payments for usage were very small. However, keep in mind that by law, any property that does not belong to you in the first place, must be returned to the original owner in one year. 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Prior to the Land Code, land ownership was not the same as the right-to-use (the property). Average property prices and property investment indices in Russia. We have best offers from 1,099,000 to 5,784,000$. The first distinct feature of Russian housing is ownership – as of 2016, over 87 percent of families own their place of residence (a result of privatization in the 1990s and 2000s). 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