Changes in the BTI can lead to panic in the housing market





15.03.2011 19:49
Property News | Changes in the BTI can lead to panic in the housing market The procedure for registration of property rights in real estate since January 2012 will be held in a new government agency that will not be relevant to the Bureau of Technical Inventory. This can lead to panic in the housing market. Told a press conference at the Press Center of the Information Agency LigaBusinessInform (str. Shamrylo, 23) the director of All-Ukrainian Association of BTI Dmitry Pavlenko.

In his opinion, it is such an effect may lead to the amendments in the Law on registration of property rights and restrictions.

"Changing the procedure of registration of title to real property. It will be necessary to register all again. To pay money for it. Furthermore, to date, we register the property right, and since 2012 we recorded the act (paper, paper). The process of transfer of ownership will be expanded and complicated, "- said the expert.

According to D. Pavlenko, an initiative of the Ministry of Justice, which dismisses the Registrar of the BTI (about 12 thousand people), creates a new registration body. Gaining in his state civil servants etc. The result: local governments will lose their income they have from BTI (30% of the budget).

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Content tags: Legislation
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