Securing Property Rights and Increasing Real Estate Productivity in FYR Macedonia | Land Portal

Informations sur la ressource

Date of publication: 
août 2012
Resource Language: 
ISBN / Resource ID: 
oai:openknowledge.worldbank.org:10986/10106
Copyright details: 
CC BY 3.0 Unported

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.

Auteurs et éditeurs

Author(s), editor(s), contributor(s): 

Stanley, Victoria
Boskovski, Denis
De Martino, Samantha

Publisher(s): 

The World Bank is a vital source of financial and technical assistance to developing countries around the world. We are not a bank in the ordinary sense but a unique partnership to reduce poverty and support development.

Fournisseur de données

The World Bank is a vital source of financial and technical assistance to developing countries around the world. We are not a bank in the ordinary sense but a unique partnership to reduce poverty and support development.

Concentration géographique

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