The Real Estate Monitoring Book of the Republic of Tatarstan as of March 1, 2020 was published
The next, 7th edition, of the collection “Monitoring of prices of real estate, land and rental rates” as of March 1, 2020 was prepared by experts of the Non-profit partnership “Union of Appraisers of the Republic of Tatarstan” (Partnership) based on our own research since 2016. This direction was also supported by the Government of the Republic of Tatarstan (Decree of the Cabinet of Ministers of the Republic of Tatarstan from March 13, 2019 No. 182). Partnership studies are carried out by independent analysts, in the order of expert and consulting support in solving socially significant issues related to valuation activities and are aimed at ensuring the rights of both appraisers and valuation customers, including citizens and legal entities, authorities at all levels, courts, notaries , tax and law enforcement agencies and other persons to receive reliable and consistent information. Monitoring is carried out with the assistance of the Chambers (Departments, Committee) of land and property of municipal districts and urban districts of the Republic of Tatarstan, the Ministry of Land and Property of the Republic of Tatarstan, the Ministry of Construction, Architecture and Housing and Public Utilities of the Republic of Tatarstan, together with professional associations of real estate market participants and expert organizations. Monitoring is based on the analysis and statistical processing of market information about offers and transactions for undeveloped land plots and capital construction projects obtained from the media, multi-listing ad systems, data from professional real estate market participants, experts, auction and transaction results, including . with state and municipal property committed since the previous release. When determining price ranges, information was mathematically processed with the exception of maximum and minimum values, as well as with obviously false or contradictory information. The results of the mathematical processing of information were discussed and approved by the Committee for Monitoring the Real Estate Market and approved by the Partnership Board. Monitoring determines price ranges and cannot replace the procedure for determining the market value of specific real estate objects, which is carried out in accordance with Federal Law of July 29, 1998 No. 135-ФЗ On Appraisal Activities in the Russian Federation, as well as Federal Valuation Standards in force on the valuation date. Monitoring is for reference only and cannot be used as a basis for transactions, as it does not take into account the individual characteristics of real estate. Since 2019, the Monitoring Book has published ranges of the average market value of residential real estate in the Republic of Tatarstan.
The collection is published in hard copy, sent to the assessment and educational organizations of the Union of Appraisers of the Republic of Tatarstan, specialized non-profit organizations and authorities of municipal districts and urban districts of the Republic of Tatarstan.