Some 56% of the lands in the country like property deeds
Diario Libre
SANTO DOMINGO. The executive director of the Permanent Commission of Land Titles of the State, José Dantes Diaz, revealed that more than 2,000,000 hectares of land in the principal cities of the country do not have property titles or deeds and nearly 1.1 million hectares of rural land, lack these documents, equal to 56% of the total surface.
He said that all of this is outside of the market. If they had deeds, they could be benefiting from facilities such as financing and other guarantees that permit access to credit.
He stated that the government has been working hard on a plan of providing deeds to state lands, for the purpose of being able to provide property titles to recipients of farmlands and housing.
"What they want to do with this plan is to revive all this debt capital that exists there and that in case the lands in the principal cities this is more than 85%," he noted on the television program Spheres of Power (Esferas de Poder) which is transmitted on Santo Domingo TV.
Dantes Diaz said that the plan contemplates a massive process of deeds for persons who are been occupying lands for more than 30 years without a certification of their deeds.
He indicated that this document is that which guarantees the right of property to all those that have possession of a piece of real estate. He said that in the housing sector, around 60,000 apartments built by the state do not have property titles.
Likewise, he revealed that of the 115,000 beneficiaries of the Dominican Agrarian Institute, which have been settled on land since 1962 until now, less than 10% have property titles.
He said that this means that of that number less than 10,000 have definitive deeds and the intention is that at the end of the current administration, in 2016 they should be 20,000 farmers with deeds, equal to 20%.
He said that all of this is outside of the market. If they had deeds, they could be benefiting from facilities such as financing and other guarantees that permit access to credit.
He stated that the government has been working hard on a plan of providing deeds to state lands, for the purpose of being able to provide property titles to recipients of farmlands and housing.
"What they want to do with this plan is to revive all this debt capital that exists there and that in case the lands in the principal cities this is more than 85%," he noted on the television program Spheres of Power (Esferas de Poder) which is transmitted on Santo Domingo TV.
Dantes Diaz said that the plan contemplates a massive process of deeds for persons who are been occupying lands for more than 30 years without a certification of their deeds.
He indicated that this document is that which guarantees the right of property to all those that have possession of a piece of real estate. He said that in the housing sector, around 60,000 apartments built by the state do not have property titles.
Likewise, he revealed that of the 115,000 beneficiaries of the Dominican Agrarian Institute, which have been settled on land since 1962 until now, less than 10% have property titles.
He said that this means that of that number less than 10,000 have definitive deeds and the intention is that at the end of the current administration, in 2016 they should be 20,000 farmers with deeds, equal to 20%.
Diario Libre
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