A new bill creates the legal basis for exchanging state-owned property (including state lands) with privately owned property, including land plots, on a mutual agreement basis. State property prohibited from privatization and lands reserved for state needs cannot be subject to exchange.
This is reflected in the draft law "On Amendments to the Land Code, Civil Code and Law on Valuation Activities" discussed at today's meeting of the Parliamentary Committee on Agrarian Policy.
The valuation of exchanged property will be carried out by an appraiser based on market prices. Additionally, state bodies and municipalities will obtain the status of customers for valuation activities.
After the law is adopted, the procedure for exchanging state property with private property will be approved. The changes will activate land market turnover, increase economic activity, and facilitate flexible property exchange between the state and citizens.
