Turkmenistan adopts new provisions on licensing realtor activities

Business Materials 27 June 2009 12:57 (UTC +04:00)

Turkmenistan, Ashgabat, June 27 / Trend G. Hasanov/

President of Turkmenistan Gurbanguly Berdymuhamedov signed a decree "On approval of provisions on licensing of realtor activities, activities to assess the property, as well as activities related to the employment of citizens abroad."

By signing the document, the Head of State noted its significance in the context of ongoing reforms in the country, the official Turkmen sources said.

Early 2009, Berdymuhamedov referring to the MPs said: "Due to the gradual transition to the mass privatization of housing fund ... we will do everything possible to promote the fact that each family will be provided with a separate house or apartment."

Privatization of housing in Turkmenistan has been suspended under the former President Saparmurat Niyazov, making an exception for migrants to Russia. In this regard a special document, signed in May 1995 by Niyazov and his Russian counterpart Boris Yeltsin was adopted. Then, the parties undertook to "promote the privatization of public housing, the Community Housing and Resettlement, which received permission to move." Under the paper, migrants were guaranteed with "the right to sell the privatized house at own disposal."

Berdymuhamedov as priorities for parliamentarians also called "issuing lax loans to purchase comfortable apartment and increasing housing". At government meetings, the Turkmen leader has repeatedly drawn attention to numerous violations in the field of construction, and allocation of housing, particularly in the so called "elite" funds. In 2002, Turkmenistan attempted to establish the real estate exchange, which soon was reduced to zero.

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