Land registration
13. Apr 2023
Land registration: more documents about real estate, fewer about vehicles
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 halved, and the decrease continued down to 9,500 in 2012. The numbers then started rising again, and it has averaged at 12,000 - 14,000 in the past five years.
Land registrations are the public registrations of the relevant state authority’s rights to real estate such as houses and other types of residence, plots and land, easements, vehicles and other personal property.
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 Faroese Environment Agency on 1 June 2007.
[px-graph-1]
Documents regarding real estate, such as title deeds and loan papers, made up 79% of all registered documents in 2022. Loan papers and other documents relating to vehicles made up 19%, while the remaining 2% related to other personal property.
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.