О совершенствовании методов оценки недвижимости
The article is devoted to the analysis of results of application profitable and cost-based approaches to estimation of cost of the real estate objects which frequently appears much below their real market prices. Opportunities of the comparative approach use to an estimation of the real estate objects are considered, allowing to receive parameters of a real supply and demand in the market, and also in its frameworks of a mark method as alternatives of existing ways of an estimation.
This article examines the position of Russian state courts, in particular, of the Supreme Commercial Court, w i t h regard to the arbitrability of disputes concerning the transfer of title i n real estate and of corporate disputes under Russian law. These specific issues are dealt w i t h i n the light of the general approach of Russian courts to arbitration. Firstly, some necessary explanations are given in relation to Russian regulation, practice and attitude towards arbitration. Then, the approach of the Russian state commercial courts w i t h regard to the arbitrability of real estate and corporate disputes is described and compared w i t h their general attitude to arbitration manifested in Russian case law. Finally, the author's viewpoint on the possible concerns underlying the apparently incongruent stance of the commercial courts to the arbitrability of real estate and corporate disputes is discussed.
The book is devoted to non-residential buildings (premises) as objects of capital construction (real estate) and some types of urban development related to them. The purpose of the monograph is to analyze frequently encountered questions in practice at the intersection of private and public norms, sometimes without simple answers and solutions. All issues discussed in this monograph are at the intersection of several branches of law: civil law, urban planning law, land law, tax law . In relation to the subject of the study, the issues of cadastral registration and registration of property rights on real estate in the Unified State Register of Real Estate are examined. Some issues affect accounting.
From the outset of privatization in Russia researchers from a number of countries have been studying the emerging real estate market and the residential sector development in Russian cities. Typically, their attention has been focused on legal and institutional challenges like the inconsistency and inadequacy of legislation, blurred or duplicated functions of different power bodies, the immaturity of real estate market infrastructure and low professionalism of the market's agents (appraisers, developers, intermediaries, notaries, etc.). They also pointed out that privatization required tighter control over area development, and introduction of new townplanning instruments and regulations. While accepting many points raised by the above publications, we must nevertheless emphasise that the development of real estate market in Russia has shown impressively high rates. Despite all the difficulties the private sector now prevails in construction; and professional associations of realtors, appraisers, and notaries, as well as associations of mortgage banks and insurors are in good progress. The state sector's level of adjustment to market is less impressive, but one should not forget that the main reason behind all reform's controvercies and inconsistencies is politics. The existing political pattern of Russian legislative bodies blocks radical market transformations, and the confrontation between the President and the State Duma leads to controvercial decisions.
The paper measures the impact of influence of geographic distribution of local public goods facilities to market price for apartments at pre-owned market in Saint-Petersburg.
Characteristics is given to the concepts “housing”, “residential premise”; legal category “residential premise” is considered from the point of view of embodiment of national (basic) standard housing, established by the State; system of viewpoint of European Court in Human Rights under the name “concept of housing” developing from authority to authority is being analyzed; the issue of diffusion of inter-subject concepts “housing” and “residential premise” in connection with the process of State integration into common legal and economic European space is being considered; the shortcomings of legal definition “residential premise” are being disclosed, as not reflecting its essence, purposefulness and variety of forms of its existence; in this respect the main conclusion on introduction of changes into art.15 and 16 of Housing Code has been made.
One of the most important indicators of company's success is the increase of its value. The article investigates traditional methods of company's value assessment and the evidence that the application of these methods is incorrect in the new stage of economy. So it is necessary to create a new method of valuation based on the new main sources of company's success that is its intellectual capital.
The paper examines the structure, governance, and balance sheets of state-controlled banks in Russia, which accounted for over 55 percent of the total assets in the country's banking system in early 2012. The author offers a credible estimate of the size of the country's state banking sector by including banks that are indirectly owned by public organizations. Contrary to some predictions based on the theoretical literature on economic transition, he explains the relatively high profitability and efficiency of Russian state-controlled banks by pointing to their competitive position in such functions as acquisition and disposal of assets on behalf of the government. Also suggested in the paper is a different way of looking at market concentration in Russia (by consolidating the market shares of core state-controlled banks), which produces a picture of a more concentrated market than officially reported. Lastly, one of the author's interesting conclusions is that China provides a better benchmark than the formerly centrally planned economies of Central and Eastern Europe by which to assess the viability of state ownership of banks in Russia and to evaluate the country's banking sector.
The paper examines the principles for the supervision of financial conglomerates proposed by BCBS in the consultative document published in December 2011. Moreover, the article proposes a number of suggestions worked out by the authors within the HSE research team.