Vitebsk Regional Property Committee: Over 350 Assets Involved in Economic Circulation in January-October in Vitebsk Region

In the Vitebsk region, 352 unused real estate objects have been brought into economic circulation in January-October, including 27 of republican ownership, 212 of communal ownership, 65 of consumer union ownership, and 48 of OJSC ownership, as reported by the Vitebsk Regional Property Committee.

In the Vitebsk region, 352 unused real estate objects have been brought into economic circulation in January-October, including 27 of republican ownership, 212 of communal ownership, 65 of consumer union ownership, and 48 of OJSC ownership, as reported by the Vitebsk Regional Property Committee.

The primary method for reducing idle real estate remains sales. Information on properties offered for sale, announced auctions, unused property of regional organizations and enterprises, and the regulatory framework for property relations is posted on the websites of state administration bodies, sent to organizations promoting entrepreneurship and business development, disseminated through mass media and the Ministry of Foreign Affairs. This information is constantly updated.

In January-October, the Vitebsk Regional Property Committee organized 459 auctions. 109 of them were successful. 114 real estate objects were sold at these auctions for over Br2.9 million, including 22 objects of republican ownership for Br815.6 thousand and 92 objects of communal ownership for Br2.1 million.

A total of 548 objects of communal ownership are included in the lists for economic circulation or demolition for 2020. Of these, 403 are subject to sale, lease, transfer, or contribution to charter capital; 21 are for own use; and 124 are for write-off (demolition). A similar approach will be applied to 48 objects of republican ownership, 55 objects of consumer union ownership, and 100 objects of OJSC ownership.

As of October 1, the total area of real estate owned by the Vitebsk region and its administrative-territorial units is approximately 10 million sq.m. Of this, 316.7 thousand sq.m (3.2%) is leased; 924 thousand sq.m (9.3%) has been transferred under gratuitous use agreements. The unused area has decreased by 92.1 thousand sq.m (10%) compared to the same period in 2019.