The many benefits of real-estate information systems
If you’re running a business and want to expand it, a delay in the purchase of additional land may mean that your competitor grabs the opportunity. If your bank can access reliable information about your property and trust in its value, you’ll get lower interest rates on your mortgage.
An effective land-administration system allows you to benefit from a market trend at the right time. Efficient land administration is not just about macroeconomics, it also affects people’s everyday lives.
A well-functioning information system provides an electronic means to gather and disseminate information about property, and provides information on titles and registrations. It also provides a basis for land planning, regulation of land use, taxation of property and many other activities.
But, far more important is the impact it can have on the property market. Land is the most valuable asset of a country, and facilitating the conveyance process contributes to the most efficient use of this limited resource and helps it reach its potential value.
The property market, however, is not an isolated market. Every human activity takes place on a property unit. To establish an enterprise or to develop public infrastructure, you need information about real property. This information about property is also the basis for a country's credit system and for investments in assets other than the land itself.
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Opinions expressed in this section are those of the author(s) and do not necessarily reflect the official position of UNECE, of the bodies established under its international legal agreements/conventions, or of the secretariat.