Moscow Sets Preference Land Rent Rates to Construct Hotels and Rented Houses

24 September 2019

The Moscow government sets preference land rent rates of 0.01% of the cadaster value for new hotels and of 0.1% of the cadaster for new rented houses. The land plot rent time is 49 years.

The investors are also free of the increased investment payment to change the construction purpose for the units to be hotels.