Registering property in the country – conducting business – world bank group

Answer

Score

What’s the institution responsible for immovable property registration?

Registros en Propiedad de Madrid

With what format are nearly all title or deed records stored within the largest business city—in a paper format or perhaps in a mechanical format (scanned or fully digital)?

Computer/Fully digital

2.

Can there be a digital database for looking for encumbrances (liens, mortgages, limitations and so on)?

Yes

1.

With what format are nearly all maps of land plots stored within the largest business city—in a paper format or perhaps in a mechanical format (scanned or fully digital)?

Computer/Fully digital

2.

Can there be a digital database for recording limitations, checking plans and supplying cadastral information (geographic information system)?

Yes

1.

May be the information recorded through the immovable property registration agency and also the cadastral or mapping agency stored in one database, in various but linked databases or perhaps in separate databases?

Different databases but linked

1.

Perform the immovable property registration agency and cadastral or mapping agency make use of the same identification number for qualities?

No

.

That can obtain info on land possession in the agency responsible for immovable property registration within the largest business city?

Only intermediaries and your customers

.

May be the listing of documents which are needed to accomplish any kind of property transaction made openly available–and if that’s the case, how?

Yes, online

.5

Link for online access:

http://www.registradores.org/nota_simple.jsp

May be the relevant fee agenda for any property transaction in the agency responsible for immovable property registration within the largest business city made openly available–and if that’s the case, how?

Yes

.5

Link for online access:

http://www.registradores.org/nota_simple.jsp

Will the agency responsible for immovable property registration invest in delivering a legally binding document that proves property possession inside a specific time frame–and if that’s the case, so how exactly does it communicate the service standard?

Yes

.5

Link for online access:

There’s a deadline set legally of 15 days. http://www.mjusticia.gob.es/cs/S…

What is the specific and separate mechanism for filing complaints in regards to a problem that happened in the agency responsible for immovable property registration?

No

.

Exist openly available official statistics tracking the amount of transactions in the immovable property registration agency?

Yes

.5

Quantity of property transfers within the largest business city in 2015:

51.604

That can consult maps of land plots within the largest business city?

Freely accessible by anybody

.5

May be the relevant fee agenda for being able to access maps of land plots made openly available—and if that’s the case, how?

Cost-free

.5

Link for online access:

Will the cadastral or mapping agency invest in delivering an up-to-date map inside a specific time frame—and if that’s the case, so how exactly does it communicate the service standard?

No

.

Link for online access:

What is the specific and separate mechanism for filing complaints in regards to a problem that happened in the cadastral or mapping agency?

No

.

Are independently held land plots throughout the economy formally registered in the immovable property registry?

No

.

Are independently held land plots within the largest business city formally registered in the immovable property registry?

Yes

2.

Are independently held land plots throughout the economy mapped?

Yes

2.

Are independently held land plots within the largest business city mapped?

Yes

2.

Will the law require that property purchase transactions be registered in the immovable property registry to ensure they are opposable to 3rd parties?

Yes

1.5

May be the system of immovable property registration susceptible to a condition or private guarantee?

Yes

.5

What is the specific compensation mechanism to pay for for losses suffered by parties who involved in good belief inside a property transaction according to erroneous information certified through the immovable property registry?

Yes

.5

Will the legislation need a charge of legality from the documents essential for a house transaction (e.g., examining the compliance of contracts with needs from the law)?

Yes

.5

If so, who accounts for examining the legality from the documents?

Registrar.

Will the legislation require verification from the identity from the parties to some property transaction?

Yes

.5

If so, who accounts for verifying the identity from the parties?

Notary.

What is the national database to ensure the precision of identity documents?

Yes

1.

For the standard land dispute between two local companies over tenure legal rights of the property worth 50 occasions gross national earnings (GNI) per person and found in the largest business city, what court would manage the situation first and foremost?

First Instance Judge of Madrid (Juzgados de Primera Instancia)

How lengthy will it take typically to acquire a decision in the first-instance court for this type of situation (without appeal)?

Between 1 and a pair of years

2.

What are the statistics on the amount of land disputes first and foremost?

No

.

Quantity of land disputes within the largest business city in 2015:

Do unmarried men and unmarried ladies have equal possession legal rights to property?

Yes

.

Do married men and married ladies have equal possession legal rights to property?

Yes

.

Resourse: http://doingbusiness.org/data/exploreeconomies/the country/

Doing Business 2017_ Part 4: Registering property