Approximately 60% of real estate in the Dominican Republic lacks proper regulation

DGCN officials.

The system seeks to strengthen the land registration and titling process and provide a more reliable real estate inventory. Around 60% of the country’s properties are not formally regularized or titled because the informality of property is a historical evil that dates back more than 60 years, said Héctor Pérez Mirambeaux, general director of the National Cadastre (DGCN).

To address this problem, the DGCN, the Ministry of Finance, and the Inter-American Development Bank (IDB) launched the Geographic Information System Development and Implementation Project to strengthen cadastral information and improve access to services for the population.

Pérez Mirambeaux stated that they hope that with this program and other initiatives, this stage of deficiency in the ownership of private properties will be overcome.

The system seeks to strengthen the land registration and titling process and have a more reliable real estate inventory. This will allow the application of valuation techniques that will positively impact income management and strengthen the treasury’s cash availability.

The Deputy Minister of Finance, Derby de los Santos, said that by having a better capacity to know the country’s cadastral information, the State could simultaneously increase its capacity to collect revenue.

He highlighted that the investment to create this system is a loan of more than $500,000 from the IDB. On the other hand, Ariel Zaltsman, main tax management specialist at the IDB, explained that this system is part of the Program to Improve the Efficiency of Tax Administration and Public Expenditure Management. So far, the design of the georeferencing application in an open-source tool and the acquisition of a georeferencing tool and computer equipment have been financed.

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