Develop El-Segel El-Ainy (the Real Folio System): real estate property should be registered based on a unique number identifying the property, and the database of real estate properties should be linked with the national ID database of the Civil Registry.
Increase the automation budget of the Real Estate Registry; use advanced software to streamline procedures and reduce the time it takes to process the various transactions.
Consolidate all types of fees charged by the various entities so that clients make one single payment instead of multiple payments; make the Real Estate Registry the exclusive point of interaction with the public on matters relevant to real estate registration; and require that payments of all fees be made via electronic mechanisms.
Given the fact that formal property registration is low, it is likely that many disputes will arise in situations that involve proving ownership and possession, as well in other real estate transactions.
Introduce an efficient judicial mechanism to address disputes that arise between parties engaged in real estate registration matters. This mechanism should be an interim measure until comprehensive property registration is achieved.
The process of proving and registering the right of possession of a property suffers from two problems:
Cumbersome, time-consuming, and bureaucratic procedures.
Costly process—high registration fees are paid to the Real Estate Registry and many other entities.
Recommendation(s)
Develop El-Segel El-Ainy (the Real Folio System): real estate property should be registered based on a unique number identifying the property, and the database of real estate properties should be linked with the national ID database of the Civil Registry.
Increase the automation budget of the Real Estate Registry; use advanced software to streamline procedures and reduce the time it takes to process the various transactions.
Consolidate all types of fees charged by the various entities so that clients make one single payment instead of multiple payments; make the Real Estate Registry the exclusive point of interaction with the public on matters relevant to real estate registration; and require that payments of all fees be made via electronic mechanisms.
Status/Notes
Challenge(s)
Given the fact that formal property registration is low, it is likely that many disputes will arise in situations that involve proving ownership and possession, as well in other real estate transactions.
Recommendation(s)
Introduce an efficient judicial mechanism to address disputes that arise between parties engaged in real estate registration matters. This mechanism should be an interim measure until comprehensive property registration is achieved.