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Purchase of Real Property in Belarus: Modelling and Evaluation
KTH, School of Architecture and the Built Environment (ABE), Real Estate and Construction Management, Real Estate Planning and Land Law.ORCID iD: 0000-0002-9279-6362
2005 (English)In: Proceedings of "From Pharaohs to Geoinformatics", 2005Conference paper, Published paper (Other academic)
Abstract [en]

The most active sector of the real property market in Belarus deals with privately ownedapartments (mainly in multi-stored buildings), whereas the land market is regarded asundeveloped and strongly regulated by the state. This paper addresses purchase as a specificcase of property transfer with special emphasis on the available mortgage system. It is alsoaimed at identifying the obstacles in property purchasing, particularly in its organisationalframework that hinder development of the real property market.Specifically the paper considers purchase of a land plot with a single-family house on it bothheld in private ownership by the same owner. The purchase process is presented in UnifiedModelling Language (UML) notion and the developed models are supplemented withexplanatory text.Moreover, the paper assesses transaction cost (expressed in time term) of this particularpurchase for the parties involved (i.e. seller and buyer) and compares it with the similar datafor several European countries taken from “Doing Business in 2005” (World Bank 2004). Italso argues that long administrative procedures for property purchase extend the grounds forcorruption as parties may try to speed up the process by bribing public officials.

Place, publisher, year, edition, pages
2005.
Keyword [en]
Republic of Belarus, real property, purchase, mortgage, modelling, transaction cost, Corruption Perceptions Index (CPI)
National Category
Law and Society
Identifiers
URN: urn:nbn:se:kth:diva-59617ISBN: 87-90907-43-4 (print)OAI: oai:DiVA.org:kth-59617DiVA: diva2:475963
Conference
The FIG Working Week 2005 'From Pharaohs to Geoinformatics' and GSDI-8, Cairo, Egypt, April 16-21, 2005
Note

QC 20120112

Available from: 2012-01-11 Created: 2012-01-11 Last updated: 2012-10-23Bibliographically approved

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Vaskovich, Marina

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  • apa
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  • ieee
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  • asciidoc
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