Property rights and the rural land market in Latin America

Land registration systems provide the means for recognizing formalized property rights, and for regulating the character and transfer of these rights. Registries document certain interests in the land, including information about the nature and spatial extent of these interests and the names of the individuals to whom these interests relate. They also normally record charges and liens, that is rights to retain property against debts as in the case of mortgages, although in some systems these are held in separate registries. In addition, land registries provide documentary evidence that is necessary for resolving property disputes as well as information for a wide variety of public functions (such as land valuation). There are at least three basic types of land registration system: (i) private conveyancing; (ii) registration of deeds; and (iii) registration of title. Under a private conveyancing system, land transactions are handled by private arrangement. Interests in land are transferred by the signing, sealing, and delivery of documents between private individuals with no direct public notice, record, or supervision. The pertinent documents are held either by the individuals to a transaction or by an intermediary such as a notary. In such a system, the state has little control over the registration process (save for regulating the intermediaries) and there is little if any security for errors or fraud. Also, private conveyancing systems are invariably slow and expensive. Despite these serious limitations, notarial versions of private conveyancing are still found in many parts of Latin America. Under a system of registration of deeds, a public repository is provided for registering documents associated with property transactions (deeds, mortgages, plans of survey, etc.). There are three basic elements in deeds registration: the logging of the time of entry of a property document; the indexing of the instrument; and the archiving of the document or a copy thereof. While there are many types of deed registration system, they are all based on three core principles (Nichols 1993): 1. Security-registration of a document in a public office provides some measure of security against loss, destruction, or fraud.

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Factors Affecting Land Prices in a Rural New Jersey County

Journal of the Northeastern Agricultural Economics Council ◽

10.1017/s0163548400004799 ◽

1979 ◽

Vol 8 (2) ◽

pp. 143-151 ◽

Cited By ~ 1

Author(s):

Carl A. Northcraft ◽

Leslie E. Small

Keyword(s):

Policy Development ◽

Local Governments ◽

Open Space ◽

Multiple Regression Model ◽

Land Market ◽

Market Forces ◽

Rural Land ◽

Factors Affecting ◽

Land Prices ◽

State And Local

Much attention has been given in recent years to the conversion of substantial amounts of rural land to urban uses. A variety of policies designed to encourage the retention of rural open space have been either proposed or implemented by many state and local governments. Because the decision to convert land to urban uses is generally a private decision in response to market forces, an understanding of these market forces should facilitate better policy development and implementation. This paper reports on a research project designed to explore the forces affecting rural land prices in areas where the rural land market is significantly influenced by the demand for land for urban or suburban uses. Publicly available data on transfers of rural land were analyzed, using a multiple regression model, to both identify and quantify the importance of factors affecting rural land prices.

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Official agricultural land price in the Slovak Republic

Agricultural Economics (Zemědělská ekonomika) ◽

10.17221/865-agricecon ◽

2008 ◽

Vol 53 (No. 4) ◽

pp. 184-188

Author(s):

K. Bradáčová

Keyword(s):

Property Rights ◽

Agricultural Land ◽

Slovak Republic ◽

Supply And Demand ◽

Income Effect ◽

Land Market ◽

Land Price ◽

Market Prices ◽

Land Prices ◽

Land Site

As long as the land market in Slovakia is not completely developed and land market prices introduced, the officially assigned land prices are practically in use. At the present time, land prices should express the supply prices, which cover the income effect of the land site under the socially necessary costs. In this situation, for the temporary period, centrally assigned fixed land prices could represent the effective supply and demand prices in case they correspond to the mentioned conditions. At present, the official prices are used for fiscal purposes and the land property rights.

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