PDA

View Full Version : Real estate = cash for government



NewsWhore
08-26-2009, 05:10 PM
According to the president of the Supreme Court of Justice, Jorge Subero Isa, real estate transactions in the DR rank as third in revenues generated for the government, behind customs and tax departments. He said local taxpayers paid RD$7.9 billion last year on real estate transactions. 50% of the transactions were carried out in the National District (Santo Domingo).
Subero Isa spoke during a breakfast with economic area journalists who later toured the new fully computerized installations of the Land Court and Property Title Registrar divisions. The advances came after the passing of Law 108-05 on Real Estate Registrations. Property titles for 13 provinces and the National District are now available in electronic form.
He said inquiries can be made at Tel 809 487-9020 or in person by checking the database at the Jurisdiccion Inmobiliaria located at Independencia corner Jimenez Moya.
Subero Isa says that the goal is to digitize all property titles through 2010.
The digitizing was carried out with Interamerican Development Bank funding.
See http://www.suprema.gov.do/guiaji/guia.html

More... (http://www.dr1.com/index.html#1)