FYR Macedonia: Reforming the Land Market

Drawing upon International Bank for Reconstruction and Development (IBRD) funding and expertise, the former Yugoslav Republic of Macedonia (FYR Macedonia) can now provide modern and efficient cadastre services and faster property registration, making it possible for citizens to secure their real estate assets and access financing.
In 2005, the real estate cadastre covered less than 43% of the country, and uncertain property rights and weak land registration services created significant constraints to foreign investment. Confidence in the registration and cadastre records was low since the records were out ofdate, and 60-70% of apartments were not registered at all.

 

 News Source: Worldbank link: article