Russian President Vladimir Putin signed a law that streamlines how the right to park spaces within buildings of shared ownership is registered. The measure aims to reduce disputes among owners and to formalize ownership, making it easier to recognize a parking area as a distinct property. The move aligns with a push for clearer property rights in large cities and offers practical benefits to residents, developers, and management companies dealing with multi‑unit housing.
The reform follows a Constitutional Court ruling issued in 2023 and is designed to protect parking space owners while clarifying practical use of shared assets. As explained by Sergei Gavrilov, head of the State Duma Committee on Property Issues, a shareholder in a common ownership arrangement will be able to designate a portion of the parking area as a separate property. This change addresses situations where many co‑owners must coordinate despite limited personal ties, and where agreement can be difficult to achieve. Some owners welcome the added clarity and potential for smoother management, while others worry about governance challenges that could come with newly created property boundaries and the risk of fragmentation.
The new law allows the engagement of a cadastral engineer who will draft a technical plan that precisely defines the boundaries of the planned parking area. The engineer must review the building’s design documentation and verify ownership documents for the share being allocated, ensuring the plan accurately reflects the intended division.
Once the technical plan is prepared, the expert issues a notification of allocation. The notification must include the shareholder’s contact information, details about the cadastral engineer, the cadastral number and address of the parking lot, the layout of the allocated section, the procedure for reviewing the technical plan, and the objection period, which must be no less than 30 days. This process ensures due diligence and allows other owners to participate in the decision before final registration.
Market data from major real estate agencies show rising prices for parking spaces in Moscow, signaling robust demand in urban areas. In November 2024, the average price for parking spaces in new buildings stood at about 2.8 million rubles, with business class residential complexes around 3.4 million rubles. Prices for parking spaces have climbed steadily since the latter half of 2021, moving in step with the broader housing market. Over the past three years, parking prices in the capital have increased by roughly 46 percent, underscoring the growing value of secure, legally defined parking in dense city environments.
Earlier reports noted a shift in buying patterns, with more Russians turning to garages as a placement option for private parking. This trend reflects both price dynamics and the practical demand for dedicated spaces in growing urban neighborhoods, where residents seek predictable access and clarified ownership rights that accompany a well-defined parking area.