An analysis of the state of land legislation and the land market has been carried out. Considered some statistical materials on land prices in St. Petersburg. The huge role of the financial mechanism in the system of regulation and control of land relations and, as a consequence, the importance of the Land Bank in the regulation of land turnover. The functions and directions of the projected Land Bank, using Russian and foreign experience, have been developed. The main purpose of this bank should be to help the state in regulating the market system of land redistribution, its comosation, as well as in control, evaluation and mediation in the purchase and sale of land. By mediating, the bank will be able to exercise strict control over this process and keep the price of land stable, preventing it from cheapening or sharp price hikes.
