The ministry states developing the general cadastre is a very expensive project, that cannot be entirely financed from public funds.
According to the ministry, the advantages of a general cadastre include: the security of the civil legal circuit and of mortgage loans, a significant reduction in the number of suits over the legal status of plots of land, the creation of a solid real estate tax base, the implementation of land merging policies with a view to improving management through rural development programs and increasing EU fund absorption.
“So far, Romanian real estate properties have been registered sporadically, especially when requested by the owners, who covered the cost of documentation and registration with the Land Book. Data centralized by the National Cadastre Agency says there are currently around 6.2 million registered pieces of property, which make up about 40% of the total number of parcels for which deeds exist,” says a ministry press release.
Minister Elena Udrea has said several times that the Samsung group is interested in developing the national cadastre, through public-private partnership.