Then the paper-based system can be replaced by the electronic real estate register

By RockedBuzz 4 Min Read

István György known as a digital database masking each sq. meter of the nation indispensable for the functioning of the state, during which no inaccuracy can be allowed. The new system should be consistent with the centuries-old traditions of Hungarian real estate legislation, however at the similar time it should meet at present’s necessities of authorized certainty, strengthening public belief in the real estate registry. According to the state secretary, electronic registration can additionally enhance financial competitiveness, because it reduces administrative burdens and simplifies land procedures.

István György recalled that digital citizenship raises administration to a brand new degree, in the new period one can even handle real estate issues from a phone. The e-property register is one in all the most vital components of this course of, since the variety of land procedures yearly is in the thousands and thousands,

the Hungarian real estate registry manages 19 million title deeds.

The head of the real estate registration and cartography division of the prime minister’s workplace emphasised that the 170-year-old Hungarian real estate registry is the nation’s largest property information registry affecting all residents. The introduction of the e-property register shouldn’t be solely justified by the safety of real estate visitors, since the electronic administration can be prolonged to a brand new process with the enhancements. The substitute of paper-based administration can also be vital as a result of, even at present, the real estate register is expanded with a mean of 5,000 pages of types day-after-day.

On behalf of Lechner Nonprofit Kft., program director Sándor Kis György highlighted that the challenge’s developments have been accomplished, its completion will be adopted by the system-wide implementation, and its functions will steadily develop into obtainable in the coming months.

According to its web site, the challenge obtained a complete of almost HUF 16 billion in non-refundable EU and finances assist underneath the Széchenyi 2020 program. The beneficiary is Lechner Nonprofit Kft., the background establishment of the prime minister’s workplace coping with spatial information registers and supporting e-public administration and development. Thanks to the developments, the turnaround time of land affairs, i.e. real estate registration, land improvement, land switch, and farmland safety procedures will be shortened.

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Cover picture supply: Getty Images

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