Nicaragua Improves Property Registration

The timeframe for registering property has improved from 31 to 12 days due to more streamlined processes, and 102 to 43 days for ordinary mode.

Monday, March 14, 2016

The improvement in the investment climate experienced by Nicaragua also been reflected in the agility in registering property. According to the Economic Report Institutional Framework II: Property rights and legal certainty, by the Nicaraguan Foundation for Economic and Social Development (Funides), the country managed to reduce the average time it takes to register a property.

See full report by Funides.

See also: "Easier Paperwork in Nicaragua" reports that "... two years ago, when the first edition of the study was carried out, the period for this procedure was estimated at 102 days for the regular mode and 31 in the case of the expedited processes. This has now been reduced to 43 and 12 respectively. "

See also: "Nicaragua As Seen by the Private Sector"

Removing bureaucratic obstacles in the registration process could favor the number of properties registered. "... From 2014-2015 registration increased, particularly in Managua, Chinandega, Masaya, Granada, Boaco, Chontales, Matagalpa and Jinotega, several of them affected by the agrarian reforms made decades ago. Last year alone 113,433 registrations were recorded. "

More on this topic

It's Easier to Do Business In Nicaragua

April 2016

The time it takes to open a business has reduced from 36 to 13 days, and the number of procedures required to do so from 7 to 6.

Excerpt from the executive summary of the "Economic Report 2016 Cross-Border Trade Institutions and Red Tape" by Funides:

In this document the Nicaraguan Foundation for Economic and Social Development (Funides) will address issues of cross-border trade and red tape, particularly in relation to the ease of import and exporting, creating or formalizing a business and paying taxes and for social benefits.

El Salvador: Delays in Regularizing Properties

March 2015

In three years only 27,000 out of 350,000 properties have been registered and titled due to the excessive bureaucracy processes which need to be carried out in municipal entities.

The Lotificadores Association of El Salvador (Alles) has revealed that are approximately 15 articles of the Special Act on Subdivisions which must be modified in order to reduce the number of procedures to be carried out to legalize land parcels.

Time frames for Registering Property in Guatemala Reduced

April 2014

Processes have been automated with the Land Registry, the Cadastre and Real Estate Appraisals (DICABI) and the Municipality of Guatemala.

From a statement issued by the Government of Guatemala:

Guatemala has reduced by ten days the amount of time it takes to carry out the process that entrepreneurs must undergo to register properties with various governmental entities, improving the business climate and putting the country among the most reformed in the region.

Project for Property Titling in Nicaragua

January 2014

A Property Ordinance has been proposed which aims to complete the registration process for 10 thousand of the 106 thousand square kilometers that are currently without cadastre.

In the second phase of a program for a mass titling system, supported by the World Bank, the intention is to register 10,000 out of the 106,000km ² that are still without cadastre.

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