12122017Headline:
5 Green Reasons Costa Rica Is the Poster Child of the Environment 4 years ago
Have You Tried Guanacaste’s Fastest Growing Sport? 4 years ago
Was Your Costa Rican Bank Account Closed? 4 years ago
Latin America Investment News on Viva Tropical

Nicaragua: Land Woes Continue, Six Times More Land Registered than Exists, Seriously

Article Summary:

More land in Nicaragua is registered by the government than actually exists in all of the country. Upon exam of public records by the World Bank, irregularities in property registrations were discovered showing that there is registered property totaling up to six times the size of the country. Alongside this data is the knowledge that one of every two properties in Nicaragua is not legally registered with the government, making it inaccessible to potential buyers.

Photo Credit: Revista Summa

Original Article Text From La Prensa Nicaragaua via Google Translate :

“Stretch” the land in Nicaragua

World Bank reports record scholars point out that there is property in the public record between two and six times the size of the country, according to Horace Rose, who prepared the report Land Market and security of tenure for the Nicaraguan Foundation for Economic and Social Development (FUNIDES).

According to the report, one out of two properties do not have legal certainty and cannot be sold or be eligible for credit without affecting others.

For Jose Pallais, president of the parliament’s Justice Committee, the main causes of the collapse in the registry and land tenure is due to the 1980 agrarian reform and confiscations.

Pallais explains that land reform did several plates of properties to let live the previous account of an estate confiscated. Thus, according to the legislator, the beneficiary and the original owner sold to see his record also sold intact, creating two and sometimes three or four plates on a property.

Notes that there are departments Pallais landmarks such as Matagalpa, which require three times the size of that constituency to respond to the amount of land registered.

Proposals
Rose, the study proposes to bring the administration of the system of land by the State to its users and join the Registry and Cadastre in the municipalities on a single computer. This body would be under the supervision of the Supreme Court of Justice (CSJ), the Nicaraguan Institute of Territorial Studies (Ineter), the Ministry of Finance and the Attorney General’s Office. With the use of new technologies, coordination between institutions and the accuracy of the data of the properties would be feasible.

This highlights the importance of information in the cadastre and registry match. By the way, indicated that only 20 percent of national territory has been cadastre.

In this regard, Pallais proposes to give effect to the new Registration Act already provides for the integration between Cadastre and the Registry. Despite that, he said, no political will on the part of the Supreme Court of Justice to fully implement the Act, as the use of modern software. At the same time indicates that it should pass a law ending point of the property to determine who owns the land, believing that there are conditions to enact it.

Inequality persists
On the other hand, although after the last reform have greatly reduced the estates, does not mean an equal distribution of land, according to Rose, then only 24. 5 percent of farms are less than 50 blocks.

Instead, he has increased the middle sector between 50 and 500 blocks. Has also increased the area of farms from 1988 to 2011 at the expense of the forest by the advancing agricultural frontier.

For the director of the Nicaraguan Foundation for Economic and Social Development (FUNIDES), José Antonio Baltodano, the legal security of the properties would generate a great economic boost both the production sector and in tourism.

Baltodano states that allow access to credit at most of the producers, where banks have failed because of uncertainty about the property. In this way there would be greater access to technology and improve productivity without expanding the areas of use.

The report notes that there FUNIDES 2,000,000 of manzanas (3.4M acres) suitable for crops, but only one million are in production, leaving half of the land in tacotales missed.

Improving access to land
The Land Market report and proposed security of tenure of land stimulate the market with higher taxes for those who have the selling vacant land, produce or the rent. Also create a land bank would be a nonphysical fund to finance the purchase of small properties to those with productive projects and not have to buy land. On the other hand, to ensure system security so that those who rent leases certainty that their rights will be respected.Leasing allows access to land at no cost to the state, says the study.

Instability prevents productive development
For the director of the Nicaraguan Foundation for Economic and Social Development (FUNIDES), José Antonio Baltodano, the legal security of the properties would generate a great economic boost both the production sector and in tourism. Baltodano states that allow access to credit the majority of producers, where banks have failed because of uncertainty about the property. In this way there would be greater access to technology and improve productivity without expanding the areas of use. FUNIDES The report notes that there are 2,000,000 of apples suitable for crops, but only one million are in production, leaving half of untapped lands in tacotales .

Link to Original Article:

From Revista Summa

Latin America Investment News on Viva Tropical