Land registration
 07. Apr 2022
14,000 land registration documents in 2021 – a 6% increase

Some 14,000 land registration documents were filed in 2021, which is a 6% increase on 2020. Real estate documents, which made up the vast majority, increased by 3%. A 16% increase in documents relating to vehicles, and a 11% decrease in documents relating to personal property.

There was a steady increase in land registrations in the years leading up to the 2007-2008 financial crisis, peaking in 2008 at about 22,000. After 2008, this number was nearly halved, and the decrease continued down to 9,500 in 2012. The numbers then started slowly rising, and in the past five to six years the number of registrations has been between 12,000 and 14,000.

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Documents regarding real estate such as title deeds and loan papers make up 73% of all registered documents. Loan papers and other documents relating to vehicles make up 25%, and the remaining 2% relate to other personal property.

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Land registrations are the public registrations of the relevant state authority rights to real estate such as houses and other types of residence, plots and land, easements, vehicles and other personal property.

The registered documents include title deeds, loan papers, marital agreements, easements and personal property deeds.

The Faroese land register was administered by the Danish Court Administration up until 2006 when it came under the jurisdiction of the Faroese Ministry of the Interior. It was subsequently taken over by the Environment Agency in 2007.

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All tables (Statbank)