A well-functioning land registration system is fundamental for economic growth and sustainable development. Secure property rights allow governments to function more efficiently and effectively, promote growth and investment in the private sector, and protect individuals’ real property rights.
In recognition of these benefits, the governments of Bosnia and Herzegovina has been working closely with the World Bank and other international development partners to develop a sustainable real estate registration system. Building on the earlier successful initiatives such as the Land Registration Project (2006-2012) the country is focusing on improving land registry and cadastre data as well as improving working conditions and infrastructure for real estate registration.
The Real Estate Registration Project, which is expected to be completed by July 2018, is working with land registry and cadastre offices around Bosnia and Herzegovina to help support the development of a sustainable real estate registration system. The project was designed to promote investment and strengthen citizens’ real property rights.
In the Republika Srpska, the project focuses on the establishment of the Real Estate Cadastre, which links cadastre and land registry data.