Economic cadastre as an integral part of the multifunctional cadastre

Abstract

The authors discuss the concept of the multifunctional real estate cadastre, its purpose and components as well as the institutional system created for the real estate cadastre in the Republic of Moldova. Special focus is made on the economic cadastre as part of the multifunctional real estate cadastre system; the economic cadastre is a subsystem containing information on market values of all real estate items registered in the cadastre. The data on appraised values of real estate as well as technical and economic characteristics of the real estate items concerned, which are important indicators for the economic cadastre, require ongoing updating and refining. This is due to continuous changes in the real estate market situation as well as changes in the technical state of real estate items and new developments in the techniques applied for the purpose of overhauling the existing buildings and structures and in new construction projects. The authors emphasise the importance of integrating legal, technical and value characteristics of real estate in the multifunctional cadastre system and research the impact of such land information systems on the economic development of settlements and regions, improvements in public policies, growth of local budgets and attraction of foreign investments. The authors suggest certain measures for further development and improvement of the real estate cadastre based on the analysis of international experience and practices.