News - Armenia Plans Overhaul of Property Registration System

In a significant move towards modernizing Armenia's property registration system, Prime Minister Nikol Pashinyan led a governmental meeting focused on addressing reforms in this vital sector. The discussion, which was reported by the government's press service, was centered around enhancing the property rights registration framework, safeguarding ownership rights, and managing the existing limitations on property. Suren Tovmasyan, the head of the Committee of Cadastre, presented findings from recent efforts aimed at refining the property registration mechanisms. His report underscored the importance of strengthening legal frameworks and ensuring transparent property transactions. The meeting attendees evaluated existing legislative safeguards, scrutinized the risk factors linked to current property transfer procedures during asset alienation, and deliberated on the protocols for registering previously unregistered real estate objects. The international precedents in property regulation were also examined, offering insights and proposals that could streamline administrative processes and bolster property rights protection. Prime Minister Pashinyan emphasized the necessity of implementing modernization programs methodically. He advocated for a gradual introduction of institutional reforms, citing this approach as the most effective in ensuring sustainable progress in the sector. Concluding the meeting, the Prime Minister issued specific directives to the relevant agencies, aiming to prompt immediate action towards the proposed enhancements, ultimately fostering a more robust and efficient property registration infrastructure in Armenia.