1

UNECE Working Party on Land Administration: London Conference 2012How can land registration authorities support recovery in the global property market and wider economy?

Conference Session 4:

What should the vision be for land registration authorities to meet changing market needs?authorities to meet changing market needs?

John Meadows

Land Registration ConsultantLand Equity International

UNECE Working Party on Land Administration: London Conference 2012How can land registration authorities support recovery in the global property market and wider economy?

“Those who claim to see the future are lying – even if by chance they are later proved right”

Arabic ProverbArabic Proverb

“The only way to predict the future is to have power to shape the future”

Eric Hoffer

UNECE Working Party on Land Administration: London Conference 2012How can land registration authorities support recovery in the global property market and wider economy?

• Have market conditions changed?

• What are the causal factors?

• How have the changes affected land registration authorities?

• How should land registration authorities respond to changing market needs?

2

UNECE Working Party on Land Administration: London Conference 2012How can land registration authorities support recovery in the global property market and wider economy?

• Have market conditions changed?

UNECE Working Party on Land Administration: London Conference 2012How can land registration authorities support recovery in the global property market and wider economy?

• What are the causal factors?

UNECE Working Party on Land Administration: London Conference 2012How can land registration authorities support recovery in the global property market and wider economy?

• How have the changes affected land registration authorities?

3

UNECE Working Party on Land Administration: London Conference 2012How can land registration authorities support recovery in the global property market and wider economy?

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35000000

40000000

TIO

NS

HM Land Registry - Total Application received Per Annum 2005 -2012

Lehman Collapse September 2008

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5000000

10000000

15000000

20000000

2005/6 2006/7 2007/8 2008/9 2009/10 2010/11 2011/12

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REPORTING YEAR

UNECE Working Party on Land Administration: London Conference 2012How can land registration authorities support recovery in the global property market and wider economy?

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300000

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Property Registration Authority Ireland (PRAI) Applications For Registration 2002 - 2010 Lehman Collapse

September 2008

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YEAR

UNECE Working Party on Land Administration: London Conference 2012How can land registration authorities support recovery in the global property market and wider economy?

6

8

10

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IMF Global Growth Forecasts July 2012

-2

0

2

4% g

ro

Eurozone2012/13

Spain2012/13

UK2012/13

USA2012/13

CHINA2012/13

4

UNECE Working Party on Land Administration: London Conference 2012How can land registration authorities support recovery in the global property market and wider economy?

• Changing Market Conditions – Other Factors?

UNECE Working Party on Land Administration: London Conference 2012How can land registration authorities support recovery in the global property market and wider economy?

• How should land registration authorities respond to changing market needs?

UNECE Working Party on Land Administration: London Conference 2012How can land registration authorities support recovery in the global property market and wider economy?

• How should land registration authorities respond to changing market needs?

5

UNECE Working Party on Land Administration: London Conference 2012How can land registration authorities support recovery in the global property market and wider economy?

• How should land registration authorities respond to changing market needs?

UNECE Working Party on Land Administration: London Conference 2012How can land registration authorities support recovery in the global property market and wider economy?

• How should land registration authorities respond to changing market needs?

UNECE Working Party on Land Administration: London Conference 2012How can land registration authorities support recovery in the global property market and wider economy?

• How should land registration authorities respond to changing market needs?

6

UNECE Working Party on Land Administration: London Conference 2012How can land registration authorities support recovery in the global property market and wider economy?

• What should the vision be for land registration authorities to meet changing market needs?

• Possible themes:

• Providing Legal Certaintyg g y• Facilitating Investment• Promoting Transparency• Aiding Revenue Collection• Seeking Continuous Improvement• Becoming Customer Centric• Encouraging Innovation

UNECE Working Party on Land Administration: London Conference 2012How can land registration authorities support recovery in the global property market and wider economy?

References:

Annual Reports and Accounts – Various from Her Majesty’s Land Registry and the Property Registration Authority of Ireland.

Barnasconi, G., and Van Der Molen, P., (2010) ‘Responses to Crisis and Innovations: Cadastral Innovations and Financial Crisis’. Paper presented at FIG International Congress, Sydney, 11-16 April 2010.

Bennett, R., Rajabifard, A., Williamson, I., Wallace, J., and Marwick, B., (2011) ‘A national Vision for Australian Land Registries’. Paper presented at the FIG working Week, Marrakech, Morocco, 18-22 May.

Cable, Vincent., (2010), ‘The Storm. The World Economic Crisis and what it means’ Atlantic Books, London.

Cahill, Kevin., (2006) ‘Who Owns the World: The Hidden Facts behind Landownership’. Mainstream Publishing, Edinburgh and London.

Callaghan, Greg., (2012) ‘10 Questions for (Economist) Loretta Neopoleoni’ Article appearing in the ‘Weekend Australian Magazine’ June 2/3.

Dale, P., and McLaughlin, J., (1999),’ Land Administration’, Oxford University Press

Economist Intelligence Unit (2009) ‘Organisational agility: How business can survive and thrive in turbulent times’ Report sponsored by EMC.

Grant Thornton International Business Report (2011) ‘The global economy in 2012 – A rocky road to recovery’.

Insitituto Nacional de Estadistica http://ww.ine.es – last accessed 15.7.2012.

UNECE Working Party on Land Administration: London Conference 2012How can land registration authorities support recovery in the global property market and wider economy?

Krugman, Paul., (2012)) ‘End this depression now!’ WW Norton &Co, New York.

McKibbin, W., and Stoekel, A., (2009) ‘The Global Financial Crisis – Causes and Consequences’ Working Papers in International Economics, The Lowry Institute For International Policy.

Steudler, D., and Rajabifard, A., (2012) ‘Spatially Enabled Society’ FIG Publication 58 International Federation of Surveyors, Copenhagen.

http://thoughtstrategy.co.uk/2012/04/10/the-role-of-smes-in-the-uk-economy/ last accessed 29.8.2012.

United Nations Economic Commission for Europe Working Party on Land Administration; ‘Social and Economic Benefits of Good Land g yAdministration’ (Second Edition), H M Land Registry 2005.

United Nations Economic Commission for Europe Working Party on Land Administration and Real Estate Market Advisory Group; ‘Policy Framework for Sustainable Real Estate Markets – Principles and guidance for the development of a country’s real estate sector’, Geneva 2010.

http://en.wikipedia.org/wiki/2007%E2%80%932012_global_financial_crisis – last accessed 15.7.2012.

http://en.wikipedia.org/wiki/Eurozone_crisis – last accessed 15.7.2012.

http://en.wikipedia.org/wiki/List_of_countries_by_home_ownership_rate – last accessed 20.8.2012.

World Bank Doing Business Report - 2012