AGENCY FOR REAL ESTATE CADASTRE OF REPUBLIC OF MACEDONIA - BEFORE AND AFTER THE REFORMS, LESSONS LEARNED, BUSINESS ORIENTATION
TATJANA CENOVA MITREVSKA
The Government of R. M has identified Agency for Real Estate Cadastre, as an Agency whose
reforms have a significant part in the governmental overall program as a catalyst to transition to a market economy, and to support private investment and business creation. The establishment of
the REC on the entire territory of Macedonia, the development of various e-services, shortening
of time for property registration, the digitalization of cadastre maps as well as the advancement of the geographic information system, led to a significant increase of the number of registered
transactions, registered mortgages and the value of the mortgage loans.
The number of days to record the purchase or sale of property or mortgages dropped 96 percent from 30 days in 2005 to just one day in 2015. AREC is now widely recognized as a valuable asset for the real estate market growth, demonstrated by the increase not just in the number of transactions but also in the number of mortgages, both of which grew exponentially: the number
of property transactions more than tripled, while the number of mortgages more than
quintupled). Increased numbers of foreign and domestic investments, such as Greenfield
investments, have a direct influence on the Government Development Agenda, improvement of the economic growth and competitiveness on a permanent basis, higher employment, higher living standards and quality of life.
Event: Land Governance in an Interconnected World_Annual World Bank Conference on Land and Poverty_2018
Only personal, non-commercial use of this document is allowed.