The Minister for Justice and Law Reform, Mr. Dermot Ahern, T.D., announced today that he has signed an Order extending compulsory registration of ownership of land to the cities and counties of Cork and Dublin. The Order means that compulsory first registration on the sale or assignment of a property will apply to all counties and cities in the country with effect from 1 June 2011.
Minister Ahern said: “This latest extension of compulsory registration of land on the sale or assignment of a property represents further example of my determination to make rapid and meaningful progress on modernising our land registration systems and updating our land and conveyancing laws. On the coming into effect of this Order in June 2011, all cities and counties of the country will be subject to compulsory first registration of ownership on the sale or assignment of a property.
The extension of compulsory first registration to the entire country represents a decisive step towards completing the Land Register. Together with the far reaching reforms included in the Land and Conveyancing Law Reform Act 2009, the Order will benefit consumers by reducing registration delays and the associated costs of registration and will pave the way for electronic conveyancing of land.”
The Minister added: “International reports have consistently highlighted the fact that efficient property registration systems contribute to economic progress and national competitiveness. I am confident that the progress we are making in this regard will yield efficiency gains and benefits for individuals and the economy generally”.