DOCSLIB.ORG

Cadastral Information System M a N E N Overview on Overview the Cadastral Systems of the E.U

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Cadastral Information System M a N E N Overview on Overview the Cadastral Systems of the E.U pcc_2009 obálka REPORTS ON THE CADASTRAL SYSTEMS OF THE E.U. MEMBER STATES: CADASTRAL INFORMATION SYSTEM a resource for the E.U. policies CYPRUS FINLAND OVERVIEW ON THE CADASTRAL SYSTEMS OF THE E.U. MEMBER STATES GREECE PART II. HUNGARY POLAND SLOVENIA Edition 2009 Publisher: ČESKÝ ÚŘAD ZEMĚMĚŘICKÝ A KATASTRÁLNÍ OVERVIEW ON THE CADASTRAL SYSTEMS OF THE E.U. MEMBER STATES - PART II. - PART MEMBER STATES THE E.U. OF SYSTEMS THE CADASTRAL OVERVIEW ON Pod sídlištěm 9/1800, 182 11 Praha 8, Czech republic www.cuzk.cz Produced and printed: ZEMĚMĚŘICKÝ ÚŘAD ZÚ Pod sídlištěm 9/1800, 182 11 Praha 8, Czech republic www.cuzk.cz PERMANENTPERMANENT CCOMMITTEEOMMITTEE OONN CCADASTREADASTRE ININ THETHE EUROPEANEUROPEAN UNIONUNION pcc2009 patitul pcc CADASTRAL INFORMATION SYSTEM a resource for the E.U. policies OVERVIEW ON THE CADASTRAL SYSTEMS OF THE E.U. MEMBER STATES PERMANENT COMMITTEE ON CADASTRE IN THE EUROPEAN UNION pcc2009 úvod The editing of second part of the PCC official document on the Member States cadastral systems “Cadastral information system: a resource for the E.U. policies” is part of the activities promoted by the Czech Office for Surveying, Mapping and Cadastre during the Czech PCC Presidency period. In its first edition, the document included eight monographs drawn up by experts of the national cadastral institutions of Austria, Belgium, Czech Republic, Germany, Italy, Slovakia, Spain and Sweden. This second part of the document contents monographs of further six cadastral institutions of following countries: Cyprus, Finland, Greece, Hungary, Poland and Slovenia to whom I would like to express many thanks for their contributions without which this second part of the document could not be issued. The PCC will take great care in carrying on this work, in order to draw up the monographs concerning further Member Countries and provide complete information on cadastral systems throughout the European Union. Prague, May 4 th , 2009 Karel Večeře President of the Czech Office for Surveying, Mapping and Cadastre President of PCC 1 st January – 30 th June 2009 pcc2009 obsah pcc 1 CYPRUS 2 2 FINLAND 60 3 GREECE 82 4 HUNGARY 110 5 POLAND 142 6 SLOVENIA 200 pcc2009 úvod kypr str 002 THE CADASTRAL SYSTEM IN CYPRUS http://www.moi.gov.cy/dls March 2009 2 pcc2009 obsah kypr 01 str 003 TABLE OF CONTENTS 1 THE DEPARTMENT OF LANDS AND SURVEYS 6 1.1 Introduction 6 2 HISTORICAL BACKGROUND 8 2.1 From 1858 to 1946 8 2.2 The Land Ownership Problem 10 2.2.1 General Aspects 10 3 THE 1946 LEGISLATION 11 3.1 General Aspects 11 3.2 The Significance of the 1946 Legislation 12 3.3 Effectiveness and Criticisms 12 4 THE SYSTEM OF LAND REGISTRATION 13 4.1 Land Registration 13 4.2 Right of Ownership 14 4.3 Bundle of Property Rights 15 5 ORGANISATIONAL ISSUES 15 5.1 Land Related Laws 15 5.2 DLS Branches 16 5.3 DLS Offices 17 6 CYPRUS INTEGRATED LAND INFORMATION SYSTEM (C.I.L.I.S) 18 6.1 Introduction 18 6.2 CILIS Components 18 6.3 Technical Information 22 6.4 Detailed Aspects 23 6.5 Survey Layer 26 6.6 Digital Cadastral Layer 27 pcc2009 obsah kypr 02 str 004 6.7 Legal / Fiscal Database 28 6.8 Current LIS Projects 29 6.8.1 Planning Zones 30 6.8.2 Leases 30 6.9 GIS Subsystem 31 6.9.1 GIS Subsystem Detailed Database Design 32 6.9.2 GIS Importance 35 6.9.3 GIS Legal and Fiscal Uses (Integration) 36 7 CARTOGRAPHY – MAPPING 39 7.1 Resurvey 39 7.2 Geodesy 40 7.3 National Grid Layer 41 7.4 Photogrammetry 41 7.5 Digital Terrain Model 42 7.6 Satellite Imagery 42 7.7 Mapping and Map Production 43 8 CADASTRAL FIELD SURVEYS CARRIED OUT BY PRIVATE SURVEYORS 46 9 ELECTRONIC GOVERNMENT IN CYPRUS 46 9.1 Introduction 46 9.2 DLS Website 48 9.3 The e-Government Tool in the Department of Lands and Surveys of Cyprus 49 9.4 The Need for Legislation Amendments in the Department 50 9.5 Challenges 50 10 VALUATION AND TAXATION IN CYPRUS 51 10.1 Data Capture, General Valuation and Taxation 52 10.2 Capital Gains Tax 53 10.3 Estate Duty 54 10.4 VAT Grant for Acquisition of First Residence 54 pcc2009 obsah kypr 03 str 005 10.5 Immovable Property Tax 54 10.6 Transfer Fees by the Department of Land and Surveys 55 11 DLS VISION 56 11.1 Recommendations 57 pcc2009 kypr str 006 1 THE DEPARTMENT OF LANDS AND SURVEYS 1.1 Introduction The Department of Lands and Surveys (DLS), of the Ministry of Interior, is the oldest (started operations in 1858), and one of the largest departments of the Government of the Republic of Cyprus. Its role and responsibility have been of immense importance, particularly in operating the Cyprus Land Registration System. The Department, as an umbrella governmental organisation, manages all major land matters of Cyprus including surveying and maintenance of the state survey infrastructure, mapping, investigation into title, registration, conveyance, valuations of property, conservation and management of State Lands, land tenure and registration of encumbrances. Map of Cyprus The Department of Lands and Surveys of Cyprus initial and main responsibility is the registration of immovable property on the island. However, throughout the years, the Department has expanded its services and activities offered to the public, emerging into a dynamic and multifaceted organisation. The Department of Lands and Surveys is highly noted throughout the world for its concrete legal system of land administration, ownership and tenure, as well as for the clear and solid procedures which are in effect throughout it. The function of land registration in Cyprus provides a safe and secure foundation for the acquisition, enjoyment and disposal of rights in land. 6 pcc2009 kypr str 007 DLS administers statutes providing services for the property rights of individuals effectively and efficiently within a unified coordinated structure, with distinct branches in Tenure, Registration, Valuation, Management of State Lands, Survey, Cartography and Administration. Additionally, the Department acts as the Official Cartographic Organisation of the Republic for the compilation, production and issue of maps and plans for which the state copyright is reserved through its Cartography Branch. Although the system of land registration, ownership, valuation, survey, and cartography has the prime responsibility of ensuring the protection of the interests of individual landowners, it also serves as an instrument of national policy regarding the market of real estate, as well as a mechanism to support the economic development of Cyprus. The ways in which a proper legal system of ownership in Cyprus serves the purpose of the real estate market, can be seen in the way the Department of Lands and Surveys land ownership recording systems operates. It contains a legal definition of real property units which accurately reflect the condition on the ground; it facilitates land transfer through a simple and secure system; it eliminates the need for extensive searching for a chain of titles like in other countries; it is supported by legislation which requires it to be up to date at all times; all rights are recorded including ownership and restrictions on properties; it covers all land including State land, as well as that held by individuals, firms or institutions. Nearly most processes are fully computerised, highly visible, and clearly understood by the public, enabling everybody to have confidence in the system. The DLS Land Information System (C.I.L.I.S) is considered to be nationally uniform and sustainable; a basis for implementing local taxation, land use and building control; a flexible mean of administering property rights; a basis for land titling which is easily accessible and user-friendly; a basis for delivering social justice in relation to land reform and resource allocation. In general, a multipurpose cadastre is the first priority for many countries nowadays; along this, the parcel of property will be the fundamental building block of an integrated system of land information. In Cyprus, the Department has managed to implement a fully integrated Land Information System that supports a wide range of decision making elements, including land conveyance, equitable taxation, resource management and environmental planning. Overall, the general strategic objective of the Department has always been to establish a fixed boundary 7 pcc2009 kypr str 008 coordinated cadastral system after a systematic resurvey, the computerisation of land records/registers, cadastral plans and topographical maps, the complete development of the Land Information System, to fully support all the functions of the Department, and the staged development and implementation of a National Land Information System (N.I.L.I.S) where all agencies with land related activities can share available data for the benefit of the economy of the country. 2 HISTORICAL BACKGROUND 2.1 From 1858 to 1946 The Department of Lands and Surveys of Cyprus started its operations in the year 1858 and is considered to be the oldest governmental department of the public sector in Cyprus. The “Idalio” Inscription – 5th century B.C. Land ownership has always been very popular amongst Cypriots. For various reasons (social, economic and cultural), the people of Cyprus have been very closely attached to the land. There is archaeological evidence that from the 6th millennium B.C., the Cypriots practiced agriculture on a communal basis and by 1400 B.C. the idea of individual ownership had developed. What can be described as a title to land is an inscription of the 5th century B.C., excavated at Dali village, indicating the development of private ownership in ancient Cyprus. The interesting features of this so called sign, is that it provides us with the evidence that at that moment in history, clear laws regarding land ownership were developed, which included personal land property laws, land ownership of the kings – something today called ‘public or state land’, land ownership of the cities, property owned by the church, property taxation and security of tenure and ownership even as appointed by the Gods.
Load more

Recommended publications
  • Read the Full Issue of the Real Estate Gazette As A
    ISSUE 34 Real Estate Gazette FOCUS ON: FOREIGN INVESTMENTS www.dlapiperrealworld.com Australia Australia’s foreign investment approval regime Poland Foreign real estate Brazil investment in Poland Foreign investment in Brazil (and in Brazilian farmlands) Portugal Portugal and foreign investors Germany Foreign real estate investments in Singapore Germany — unlimited opportunities? Private education in Southeast Asia — investment plays and regulatory hurdles Morocco Real estate foreign investments in Morocco United Kingdom Taxing non-UK resident Netherlands investors in UK property The 2019 Dutch tax plan — key takeaways for inbound real estate investments WWW.DLAPIPERREALWORLD.COM A note from the Editor A very warm welcome to all our readers to DLA Piper’s first Real Estate Gazette of the year. In this issue, we focus on foreign investment. Olaf Schmidt There are many rewards to be that its legal system contains some Co-Chair of the Global Cross- had from investing in real estate unique features, such as perpetual Practice Real Estate Sector overseas, including the opportunity usufruct, which any foreign investor to diversify and the potential for would need to consider (page 22), stable and safe returns, among while our UK article focuses on the others. However, in addition to tax implications for non-UK resident such advantages, prudent investors investors in UK property (page should also be aware of the pitfalls, 32). However, it is not all doom including unfamiliar tax regimes and and gloom. Many of the articles a completely alien legal framework stress the opportunities available governing the purchasing process. for foreign investors, citing, for example, the growth in city dwellers, In our Australian article (page increasing rent levels, and the 6), the authors describe the potential for significant, long-term country’s foreign investment returns.
    [Show full text]
  • Polish Real Estate Law Overview
    Polish Real Estate Law Overview Legal Framework Perpetual Usufruct The fundamental principles of Polish law regarding real estate are The scope of the perpetual usufruct is similar to ownership. codified in the Polish Civil Code and supported by a wide range Differences include: of legislation regulating all special issues regarding in particular • in principle, the perpetual usufruct can only be established on land transfer of the legal title, development and management of real owned by the State Treasury or by a unit of local government estate. Case law (rulings of the Supreme Court and courts of appeal) is used for the interpretation of ambiguous regulations. • the maximum time period of perpetual usufruct is 99 years (but it can be given for a shorter period of at least 40 years in special Titles to Real Estates circumstances) and it can be prolonged The Polish Civil Code distinguishes between several legal institutions • buildings and other facilities erected on real estate by a perpetual that give a title to use and dispose of real estate. The most common are: usufructuary become their property (the same applies to buildings and other facilities which the perpetual usufructuary acquired at • titles to the most extensive rights to the real estate, i.e. the the time when the contract for putting land into perpetual usufruct ownership and the perpetual usufruct was executed) • limited property rights to another person’s real estate in the scope • the ownership of buildings and facilities erected on real estate strictly defined by law including usufruct, easement (servitude) held in perpetual usufruct can only be transferred together with the and mortgage right of the perpetual usufruct of that real estate • rights to use another person’s real estate arising from a contractual In addition to other charges and taxes related to property, the relationship, e.g.
    [Show full text]
  • Hines Global REIT 09.30.2018 10-Q
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2018 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 000-53964 Hines Global REIT, Inc. (Exact name of registrant as specified in its charter) Maryland 26-3999995 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 2800 Post Oak Boulevard Suite 5000 Houston, Texas 77056-6118 (Address of principal executive offices) (Zip code) (888) 220-6121 (Registrant’s telephone number, including area code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company.
    [Show full text]
  • Journal of Agribusiness and Rural Development
    Journal of Agribusiness pISSN 1899-5241 eISSN 1899-5772 and Rural Development www.jard.edu.pl 4(34) 2014, 159-171 PERPETUAL USUFRUCT OF AGRICULTURAL LANDS – SELECTED LEGAL AND FINANCIAL ISSUES Aneta Suchoń Adam Mickiewicz University in Poznań Abstract. The article makes an attempt to determine whether the legal regulations provide a perpetual lessee with, first of all, stable conditions to hold agricultural lands and to run a business activity on these lands and, second of all, whether the regulations make it easi- er for perpetual lessees to acquire the right to own the lands they possess. The first part of the article concentrates on the legal nature of perpetual usufruct as well as the rights and financial obligations of a perpetual lessee. Then, the paper focuses on the transformation of perpetual usufruct into the right of ownership and the expiry of perpetual usufruct. Next, the article analyses the issue of a perpetual lessee as an agricultural producer. At the end, the Author states that perpetual lessee possesses a wide range of rights and can freely run an agricultural activity on agricultural lands. The legislator has acknowledged perpet- ual usufruct, along with the most popular forms of holding lands such as ownership and lease, to be a stable element of rural relations. Thus, a perpetual lessee can be granted the European funds, agricultural tax reliefs and insurance in KRUS. Key words: perpetual usufruct, agricultural lands, agricultural activity, EU funds INTRODUCTION For each agricultural producer it is essential to possess lands in an autonomous and stable way in order to ensure uninterrupted course of an agricultural activity.
    [Show full text]
  • Land Acquisition for Public Purpose in Poland on Example of Public Roads Construction
    Land Acquisition for Public Purpose in Poland on Example of Public Roads Construction Mirosaw BELEJ and Marek WALACIK, Poland Key words: land management, legislation, real estate development, valuation SUMMARY Classifying investments to so called “public purpose category” enables the government and local councils to acquire land through expropriation (compulsory purchase). Every restriction on the right to real estate requires compensation. It ought to be just which means, that it should only make up for the constrained use of property but also recompensate the loss of any profits. Currently the amount of compensation in Poland is strictly connected with market value – it equals that value. The loss of future profit, if such is possible, or all the inconveniences associated with expropriation do not influence the amount of compensation. It shows the need of working out new procedures and rules of the compensation estimation, running the registers of compulsory purchase proceedings and thorough analysis of them. The authors of the article are going to analyze the legal status regulation processes that took place in the Warmia and Mazury Province between 2004-2006. The greatest emphasis will be placed on the special localization of the investments, identification of the entities involved in the expropriation, proposed amounts of the compensation and the number of compulsory purchase proceedings. TS 4B - Compulsory Acquisition of Land 1/13 Miroslaw Belej and Marek Walacik Land acquisition for public purpose in Poland on example of public roads construction Integrating Generations FIG Working Week 2008 Stockholm, Sweden 14-19 June 2008 Land Acquisition for Public Purpose in Poland on Example of Public Roads Construction Mirosaw BELEJ and Marek WALACIK, Poland 1.
    [Show full text]
  • Doing Business in Poland-Direct Sales
    Introduction The information in this publication provides an overview of some of the fundamental legal considerations to be addressed when operating or establishing a business in Poland. The content is intended to summarize some of the pertinent provisions which apply and is not intended as specific legal advice. Readers are advised to seek the counsel of lawyers in their home states to advise on compliance with the laws and identify the many planning opportunities. Visit our website at www.millercanfield.com for additional information, updates and newsletters. © 2015 Miller, Canfield, Paddock and Stone, P.L.C. All rights reserved. No part of this book may be reproduced or copied in any form without written permission from the publisher. i Table of Contents Overview.................................................................................................................. 1 Forms of Entity........................................................................................................ 1 Establishing A Business........................................................................................... 2 Specific Form of Doing Business In Poland-Direct Sales....................................... 4 Dispute Resolution Mechanism.............................................................................. 5 Labor Matters and Employment............................................................................ 7 Taxes.....................................................................................................................
    [Show full text]
  • Real Estate Investment in Poland Your Legal Guide Introduction
    Real Estate Investment in Poland Your Legal Guide Introduction Dear Friends and Business Partners, Poland is the largest economy in Central Europe, with a population of ~38 million. The implementation of large urban and infrastructure projects is one of the pillars of the new economic policy that the Polish government has recently adopted to meet the UEFA requirements (Poland is one of the countries co-organizing UEFA EURO 2012 Football Championship) and to minimize the negative influence of the turmoil in global markets on the Polish market. Large investments are expected to reduce the unemployment rate and secure the further growth of Poland's economy. It is estimated that the value of the infrastructure projects implemented in Poland within the next 7-8 years will amount to at least EUR 60-70 billion. The sectors of vital importance for the further Poland's development will be: real estate, energy & infrastructure, as well as transport & logistics. Our Clifford Chance Warsaw Real Estate, Construction & Infrastructure Department covers all legal aspects related to the successful completion of large real estate and infrastructure projects. We have the same business objectives as both private and public investors: working on a better infrastructure in Poland. We advise investors, developers, contractors, financial institutions, and professional consultants involved in the development process. We have a wide range of expertise in relation to the development of retail, office, warehouse, residential, mixed-use, energy, industrial plant as well as PPP and infrastructure projects, as well as a long record of experience in contracts based on forms such as FIDIC and AiA.
    [Show full text]
  • ACT of 24 March 920 on the ACQUISITION of IMMOVABLE
    ACT ON ACQUISITION OF IMMOVABLE PROPERTIES BY FOREIGN PERSONS ACT of 24 March 920 ON THE ACQUISITION OF IMMOVABLE PROPERTIES BY FOREIGN PERSONS (Consolidated text: Dziennik Ustaw 2004, No. 167, item 1758; 2005, No. 94, item 788, No. 83, item 538) Article 1. Acquisition of immovable properties by a foreign person shall require a permit. The permit shall be issued by the minister competent for internal affairs by an administrative decision unless the Minister of National Defence lodges an objection, and as regards the agricultural immovable properties – unless the minister competent for rural development lodges an objection. a. The objection referred to in paragraph 1 shall be expressed, by a ruling, within 14 days of serving the paper prepared by the minister competent for internal affairs. In par- ticularly justified cases the minister competent for internal affairs shall, upon a request of an authority entitled to lodge an objection, extend the time limit for lodging thereof up to 2 months of the day of serving the paper prepared by said minister. b. A refusal to grant the permit referred to in paragraph 1 shall not require that either the Minister of National Defence or the minister competent for rural be addressed. 2. Under this Act, a foreign person shall mean: ) a natural person not having the Polish citizenship; 2) a legal person having its seat abroad; 3) a partnership of the persons referred to in subparagraph or 2 having no legal personality and with its seat abroad, created in compliance with statutory law of foreign states; 4) a legal person and a commercial partnership having no legal personality and with its seat in the territory of the Republic of Poland, which is directly or indirectly under the control of the persons or partnerships mentioned in subparagraphs to 3; 3.
    [Show full text]
  • Introduction Polish Real Estate Law Ensures Transparency
    REAL ESTATE IN POLAND Short legal guide 1. Polish real estate law - introduction Polish real estate law ensures transparency and reliability thanks to the codification of rules and the registration of legal titles to property in a court register. The Civil Code is the main source of legal rules governing property rights, whereas the Act of 6 July 1982 on Land and Mortgage Register and on Mortgage provides an additional set of rules relevant for the title registration system and various types of mortgages. Apart from full ownership of real estate, which is similar to the English legal concept of freehold, Polish law also provides for a so-called perpetual usufruct, which is similar to ownership in that it is freely transferable and ensures the use of the property in a similar manner as an owner. Polish law also provides for a number of limited property rights, such as mortgages, usufruct and servitudes (rights similar to easements under English law). On the other hand, under Polish law, two types of lease of property are possible. Titles are registered in the Land and Mortgage Register, which is kept by district courts having jurisdiction over particular properties. The data kept by the district courts across the country is currently being transferred to a national electronic register; a great portion of properties can already be checked at Land Register Information Centre outlets. The register provides a statutory warranty for the acquirer of real estate that the rights entered in the register exist as they are registered, provided that the acquirer acted in good faith and acquired the property for a valuable consideration.
    [Show full text]
  • Five Issues to Consider Before Purchasing an Apartment in Poland
    2 CEPIF C E E R e v i e w 5 ISSUES TO TAKE INTO CONSIDERATION BEFORE PURCHASING AN APARTMENT IN POLAND Aleksander Hetko Associate Hogan & Hartson Warsaw 1. Title to Land Upon purchasing an apartment you have to purchase also a title to the common areas in the building and a title to land on which the building stands. The title to land may be ownership or perpetual usufruct. Perpetual usufruct is a strong property right established on public land and is freely transferable. It is usually established for 99 years subject to the possibility of prolongation for a minimum 40 years and maximum 99 following years. Developers often build on land obtained in perpetual usufruct as, on the one side, it is also a preference of local authorities to give land into perpetual usufruct instead of selling ownership. On the other side, only a fee of 15-25% of the value of the land is charged up front for establishment of the perpetual usufruct and then 1% of the value annually instead of charging upfront 100% as in the case of ownership sale. For the purchaser of an apartment the above advantage is not as relevant as usually the price he pays for the title to the plot is just a minor percentage of what is paid for the actual apartment. Naturally in the case of ownership it will be slightly higher but in the case of perpetual usufruct the purchaser must remember to pay afterwards his share of the annual fee by March 31 of each year for the entire period of perpetual usufruct.
    [Show full text]
  • Real Estate II: Issues in Ownership of Real Property
    Global Practice Guide Real Estate II: Issues in Ownership of Real Property A Global Practice Guide prepared by the Lex Mundi Real Estate Group This guide is part of the Lex Mundi Global Practice Guide Series which features substantive overviews of laws, practice areas, and legal and business issues in jurisdictions around the globe. View the complete series at: www.lexmundi.com/GlobalPracticeGuides. Lex Mundi is the world’s leading network of independent law firms with in-depth experience in 100+ countries. Through close collaboration, our member firms are able to offer their clients preferred access to more than 21,000 lawyers worldwide – a global resource of unmatched breadth and depth. Lex Mundi – the law firms that know your markets. www.lexmundi.com About this Guide This multi-part Guide of Issues in Real Estate Investment and Finance presents jurisdictional overviews of real estate investment and financing laws in jurisdictions around the world, covering the following four general topics: Part I -- Foreign Investment Part II -- Ownership of Real Property Part III – Finance Part IV – Leasing Table of Contents Argentina ...................................................................................................................................... 4 Australia ....................................................................................................................................... 6 Austria ..........................................................................................................................................
    [Show full text]
  • Real Estate Gazette
    ISSUE 35 Real Estate Gazette FOCUS ON: TECHNOLOGY www.dlapiperrealworld.com Australia Mauritius Electronic conveyancing: The property A digital land registry: industry’s new bandwagon The example of Mauritius Denmark United Arab Emirates The benefits of blockchain The tokenization of real estate: technology in construction A view from the Middle East Germany Portugal Smart building: A permanent revenue Blending modernity and tradition: stream for real estate developers? Proptech in the rehabilitation of Portugal’s cities Luxembourg US Building information modeling and the internet Proptech: Is it the future of real estate? of things in the commercial real estate market 2 WWW.DLAPIPERREALWORLD.COM A note from the Editor A very warm welcome to all our readers to Issue 35 of the DLA Piper Gazette. In this issue, we focus on the topic of technology. We have remarked before in these understand the issues facing pages on the constantly evolving technology companies in raising Susheela Rivers nature of the real estate industry. capital; our property lawyers Co-Chair, In this sector, as elsewhere, it is the understand the best way to Global Real Estate Sector emergence of new technology that incorporate new technologies into heralds radical change. There are the entire real estate process; and various reasons why industry players our securities and privacy lawyers may not be willing to embrace these understand the requirements of changes wholeheartedly; concerns applicable securities laws and money about online security in relation to laundering rules. For more on all electronic conveyancing (see our these issues, see our US article on Australian article on page 6), and the page 28.
    [Show full text]