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  Wednesday, January 29, 2020
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Russia’s westernmost Kaliningrad region will hold the first public auction on March 9 to sell land for housing construction
Region Governor Georgy Boos said 30 plots of land would be offered for sale. Any citizen of Russia or a company may bid. Boos said the plots of land to be auctioned will be intended for housing construction only. “All proceeds from the sale of this land will go to the local budgets. As a result, municipalities will get additional funds to improve the life of their citizens,” he said. “The first public auction to sell land is an important step towards the liberalisation of the land market, the creation of transparent, clear and coherent rules of selling land, the fight against corruption, accelerated housing construction and increased local budget revenues,” Boos said. He believes no market of affordable housing can be possible in the country without the sale of land for housing construction. The governor said television showman Leonid Yakubovich would conduct the auction.
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