Africa-Press – Angola. The country needs to devise a strategy for the massification of property title, the creation of a single window for property registration and a real estate arbitration court as fundamental mechanisms for promoting the real estate market in Angola and reducing the housing shortage.
This statement was made by the consultant for the National Housing Institute, Augusto Fernandes, who highlights the value of ownership of real estate for the national real estate market, because once the property is registered, the possibility of obtaining credit and real estate investments opens up.
On the issue of housing shortages facing the country, the economist also believes that the creation of a single window for property registration would facilitate and stimulate the national property market.
“Among other factors, it is fundamental to increase property ownership, as it would increase demand and, consequently, stimulate the real estate market”, he emphasized.
In the view of Augusto Fernandes, the approval of the Fiduciary Alienation Law, combined with the other elements listed here, will allow the use of the property as collateral in real estate financing contracts, which reduces the risk for the creditor and makes financing more accessible for the borrower.
Regarding the creation of a specific arbitration court for the real estate sector, the specialist indicates that this instrument also helps to stimulate the housing sector, in particular for real estate entrepreneurs, since “it would speed up the resolution of conflicts in this sector, increase the legal security and, consequently, investment in real estate”.
For the specialist, the concentration of the process of legalization and licensing of properties in a single window of the registration of the property would be a facilitating mechanism in the continuation of the resolution of the lack of housing in the country, eliminating the current complex bureaucracy, a fact which would make the purchase and sale of real estate faster and more efficiently.
Likewise, the economist considers that the national real estate market needs a financial instrument to promote housing, aimed at citizens and real estate developers, as well as cooperatives.
In this regard, the adviser to the National Housing Institute, Augusto Fernandes, clarifies that these are specific lines of bank credit with shared risk.
The expert mirrors that these specific lines of bank credit would stimulate the real estate sector, with the risk shared between the bank and the borrower, it would be a way to make financing more accessible and reduce the risk for both sides.
For More News And Analysis About Angola Follow Africa-Press
