DESIGNING LAND ADMINISTRATION SYSTEMS TO SUPPORT MODERN LAND MARKETS

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Economies require successful land markets to generate wealth. Our land administration systems are expensive but essential infrastructure for land markets. However, since they were designed 150 years ago, the market has invented complex commodities: time shares, unit and property trusts, financial instruments, mortgage backed certificates, insurance products, options, corporate development instruments, vertical villages, and more. The project will explain how modern land markets evolved and how land administration systems can be adapted to provide more efficient land trading and better support for trading in new complex commodities.