In Russia, 67% of real estate transactions are completed entirely in digital format, and registration takes an average of less than two days. This was announced by the head of Rosreestr, Oleg Skufinsky.
Today, thanks to digitalization, two-thirds of transactions are conducted entirely online. We have completely paperless document flow with government bodies and legal entities. Registration times average 1.7 days — three times less than five years ago
The digitalization of real estate transactions reduces bureaucracy, lowers the risk of errors, and speeds up the registration of property rights. For Russians, this means saving time and transparency of the process, and for businesses, it means more predictable registration times.
