Securing Property Rights and Increasing Real Estate Productivity in FYR Macedonia
Before 2005, FYR Macedonia did not have a well-functioning property registration system and citizens did not have secure property rights. Since the start of the World Bank-funded Real Estate Cadastre and Registration Project (RECRP) in Macedonia in...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2011/03/14282028/securing-property-rights-increasing-real-estate-productivity-fyr-macedonia http://hdl.handle.net/10986/10106 |
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okr-10986-101062021-04-23T14:02:48Z Securing Property Rights and Increasing Real Estate Productivity in FYR Macedonia Stanley, Victoria Boskovski, Denis De Martino, Samantha ACCESS TO INFORMATION APARTMENTS AUTOMATION AUTOMATION OF BUSINESS BACK OFFICE BUSINESS PROCESSES CADASTRE CAPACITY BUILDING CAPITAL STOCK COLLATERAL COMMUNICATION TECHNOLOGY CUSTOMER RELATIONS CUSTOMER SATISFACTION CUSTOMER SERVICE DIGITIZATION EQUIPMENT FOREIGN INVESTMENT FRONT OFFICE GLOBAL CAPITAL GOVERNMENT REVENUES HUMAN RESOURCES IMMOVABLE PROPERTY IMPLEMENTING AGENCY INFORMATION SYSTEM INFORMATION TECHNOLOGY INSTITUTIONAL CAPACITY INTERNATIONAL DEVELOPMENT LAND POLICY LAND RECORDS LEGAL PROVISIONS LOAN MARKET ECONOMY MORTGAGE MORTGAGES OFFICE OPERATIONS PHOTO PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PROPERTY REGISTRATION PROPERTY RIGHTS REAL ESTATE REAL ESTATE MARKETS REGISTRATION PROCESS REGISTRATION SYSTEM SECURE PROPERTY RIGHTS SERVICES TO CITIZENS TAX TECHNICAL ASSISTANCE TRANSACTION WEB Before 2005, FYR Macedonia did not have a well-functioning property registration system and citizens did not have secure property rights. Since the start of the World Bank-funded Real Estate Cadastre and Registration Project (RECRP) in Macedonia in 2005, registered property transactions in the country have increased by 121 percent; there were 93,240 registered transactions in 2009 compared with 42,116 in 2005. Annual mortgages registered in the land administration system doubled from 3,000 in 2005 to more than 6,000 in 2009, demonstrating a substantial increase in the use of ownership rights as collateral. Over 30,000 mortgages have been registered since the commencement of the RECRP in FYR Macedonia. In 90 percent of registration offices in the country, the project helped reduce the time to register a sale transaction to five days or less, down from 60 days in 2004. At the end of 2009, there were 248 accredited private surveyors and 100 registered surveying companies providing services directly to citizens in FYR Macedonia, up from 14 private surveyors and no registered surveying companies at project commencement. 2012-08-13T10:26:18Z 2012-08-13T10:26:18Z 2011-03 http://documents.worldbank.org/curated/en/2011/03/14282028/securing-property-rights-increasing-real-estate-productivity-fyr-macedonia http://hdl.handle.net/10986/10106 English Europe and Central Asia Knowledge Brief; Volume No. 36 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research Europe and Central Asia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCESS TO INFORMATION APARTMENTS AUTOMATION AUTOMATION OF BUSINESS BACK OFFICE BUSINESS PROCESSES CADASTRE CAPACITY BUILDING CAPITAL STOCK COLLATERAL COMMUNICATION TECHNOLOGY CUSTOMER RELATIONS CUSTOMER SATISFACTION CUSTOMER SERVICE DIGITIZATION EQUIPMENT FOREIGN INVESTMENT FRONT OFFICE GLOBAL CAPITAL GOVERNMENT REVENUES HUMAN RESOURCES IMMOVABLE PROPERTY IMPLEMENTING AGENCY INFORMATION SYSTEM INFORMATION TECHNOLOGY INSTITUTIONAL CAPACITY INTERNATIONAL DEVELOPMENT LAND POLICY LAND RECORDS LEGAL PROVISIONS LOAN MARKET ECONOMY MORTGAGE MORTGAGES OFFICE OPERATIONS PHOTO PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PROPERTY REGISTRATION PROPERTY RIGHTS REAL ESTATE REAL ESTATE MARKETS REGISTRATION PROCESS REGISTRATION SYSTEM SECURE PROPERTY RIGHTS SERVICES TO CITIZENS TAX TECHNICAL ASSISTANCE TRANSACTION WEB |
| spellingShingle |
ACCESS TO INFORMATION APARTMENTS AUTOMATION AUTOMATION OF BUSINESS BACK OFFICE BUSINESS PROCESSES CADASTRE CAPACITY BUILDING CAPITAL STOCK COLLATERAL COMMUNICATION TECHNOLOGY CUSTOMER RELATIONS CUSTOMER SATISFACTION CUSTOMER SERVICE DIGITIZATION EQUIPMENT FOREIGN INVESTMENT FRONT OFFICE GLOBAL CAPITAL GOVERNMENT REVENUES HUMAN RESOURCES IMMOVABLE PROPERTY IMPLEMENTING AGENCY INFORMATION SYSTEM INFORMATION TECHNOLOGY INSTITUTIONAL CAPACITY INTERNATIONAL DEVELOPMENT LAND POLICY LAND RECORDS LEGAL PROVISIONS LOAN MARKET ECONOMY MORTGAGE MORTGAGES OFFICE OPERATIONS PHOTO PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PROPERTY REGISTRATION PROPERTY RIGHTS REAL ESTATE REAL ESTATE MARKETS REGISTRATION PROCESS REGISTRATION SYSTEM SECURE PROPERTY RIGHTS SERVICES TO CITIZENS TAX TECHNICAL ASSISTANCE TRANSACTION WEB Stanley, Victoria Boskovski, Denis De Martino, Samantha Securing Property Rights and Increasing Real Estate Productivity in FYR Macedonia |
| geographic_facet |
Europe and Central Asia |
| relation |
Europe and Central Asia Knowledge Brief; Volume No. 36 |
| description |
Before 2005, FYR Macedonia did not have
a well-functioning property registration system and citizens
did not have secure property rights. Since the start of the
World Bank-funded Real Estate Cadastre and Registration
Project (RECRP) in Macedonia in 2005, registered property
transactions in the country have increased by 121 percent;
there were 93,240 registered transactions in 2009 compared
with 42,116 in 2005. Annual mortgages registered in the land
administration system doubled from 3,000 in 2005 to more
than 6,000 in 2009, demonstrating a substantial increase in
the use of ownership rights as collateral. Over 30,000
mortgages have been registered since the commencement of the
RECRP in FYR Macedonia. In 90 percent of registration
offices in the country, the project helped reduce the time
to register a sale transaction to five days or less, down
from 60 days in 2004. At the end of 2009, there were 248
accredited private surveyors and 100 registered surveying
companies providing services directly to citizens in FYR
Macedonia, up from 14 private surveyors and no registered
surveying companies at project commencement. |
| format |
Publications & Research :: Brief |
| author |
Stanley, Victoria Boskovski, Denis De Martino, Samantha |
| author_facet |
Stanley, Victoria Boskovski, Denis De Martino, Samantha |
| author_sort |
Stanley, Victoria |
| title |
Securing Property Rights and Increasing Real Estate Productivity in FYR Macedonia |
| title_short |
Securing Property Rights and Increasing Real Estate Productivity in FYR Macedonia |
| title_full |
Securing Property Rights and Increasing Real Estate Productivity in FYR Macedonia |
| title_fullStr |
Securing Property Rights and Increasing Real Estate Productivity in FYR Macedonia |
| title_full_unstemmed |
Securing Property Rights and Increasing Real Estate Productivity in FYR Macedonia |
| title_sort |
securing property rights and increasing real estate productivity in fyr macedonia |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2011/03/14282028/securing-property-rights-increasing-real-estate-productivity-fyr-macedonia http://hdl.handle.net/10986/10106 |
| _version_ |
1764411863309746176 |