Like most people out there watching the World Cup, I have one question that dominates my mind on a near constant basis. I look over at my glossy wall-chart, scores for teams I never thought I’d watch etched into the shiny surface with a faltering biro, the teams I’ve picked up in the work’s sweepstakes stuck loosely to one side, forgotten after their initial defeat. With eyes wandering over to Group G my heart jumps, filling my throat with a coarse anxiety. England. That’s what it says, clear as day. The question dominates my mind once more and this time I can’t shake it. I say it out loud, just once. Testing the air, seeing how it feels. As I speak the room resonates with excitement and I’m unable to contain myself any longer. “What are the differences between Russian and English property law?”
A thrill runs through me as I take a self-assured swig of tea from my Kane mug, crack my knuckles and set out to find the answer.
Alright, I’ll admit it. Perhaps I over-egged my introduction. But sometimes the best segue from a popular, attention grabbing topic to a more mundane one is with an irreverent directness. Disagree? Then you’re probably not going to enjoy it when I mention that, prior to 2001, it wasn’t possible to outright purchase land in Russia.
Having no means to privately own land is an entirely foreign concept to those familiar to the English property system. Likely because it is an entirely foreign concept. As a reflection of the historically communistic rule of Russia you could only purchase land on the maximum of a 49-year lease, after which it reverted to the state. To each according to their needs, I suppose.
Conversely, English property law offers a wealth of options for you to purchase property. Lease property. Part-own property. I think you see where I’m going with this; the list goes on almost endlessly. Anything you want to do with land has already been done. Over the centuries England has built a diverse and complex portfolio of precedents and procedures designed to cover every possible eventuality if you, as a privileged land owner, have a unique and specific requirement to fulfil.
Such complexity can, understandably, be daunting. No one wants to get caught out by a law they didn’t read or a procedure they don’t understand. So, in the spirit of jarring segues, that’s where we come in. HMG Law can provide expert opinions and guidance through a wide range of property transactions. You won’t be lamenting the simplicity of a 49-year lease when the process is as smooth and simple as HMG Law can make it; that’s what we’re here for, to make your life easier.
I finish my tea and lean back in my chair, satisfied that my foray into Russian property law was as commercially attentive as it needed to be, or at least just about. My eyes stray back over to the wallchart and come to a halt on Group G once again. This time I don’t ask a question.
“This. This is the year.”
For more information about the Property market in Russia, see the following link
If you would like advice or guidance on any property matter please contact the ever-hopeful Daniel or his colleagues in our Property department on 01869 252244 or 01865 244661. And you don't even have to mention the football!