Project for Property Titling in Nicaragua

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.

Thursday, January 23, 2014

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. In the land cadastre there are 24,000 km ², representing just over 19% of the total area of ​​the country and the project would increase it to 33,000 km ².

The Planning Property Project (PRODEP II) "... will be promoted in six departments in the country and in the Autonomous Regions of the Nicaraguan Atlantic, with the support of funding of $40 million from the international organization. It will be completed on December 31, 2018. "



More on this topic

Nicaragua Improves Property Registration

March 2016

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.

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.

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.

Ordnance Planning for Greater Metropolitan Area

May 2013

The Government of Costa Rica is preparing a third plan for land ordnance in the Greater Metropolitan Area (GAM by its initials in Spanish).

This was announced by Guido Monge, Minister of Housing and Settlements (MIVAH)."It is called Plan GAM 2013, and will be built on the remains of its two predecessors: the Regional Urban Plan for the Greater Metropolitan Area (PRUGAM) and the Land Use Plan (POTGAM) (the latter introduced in January this year) which never, because of their designs, reached the approval stage, " noted an article in Elfinancierocr.com.

Nicaragua: Second Phase of Land Property Organization Project

April 2013

The World Bank has approved a $40 million loan to Nicaragua, which will go to projects related to the management of property rights in the country.

From a press release issued by the World Bank (WB):

More than 90,000 families will benefit as a result of a $40 million project approved on Tuesday by the board of the World Bank (WB).


Coldwell Banker Affliates of Central America

Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
Phone: (507) 3001010

Company Profile

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Jan 21)
Brent Crude Oil
87.070
Coffee "C"
237.55
Gold
1,836
Silver
24.26