Bulgaria simplified summary pres 6 ddep

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professionals helping governments helping citizens


MISSION Uniting key players to promote urban renewal

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OBJECTIVE Working together we help generate important social and economic benefits by Streamlining the interests of all parties involved, thereby creating a win-win situation through the reform process. 3


Putting It All Together Panel Group LLC

Local Citizens Municipality

State Authorities

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Investors


Putting It All Together Panel Group LLC

Registry Property Rights

Mapping data

Urban Development

Budget data

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Property Market in Bulgaria – An untapped source of prosperity  A vibrant real estate market, especially after EU accession  But several difficulties need to be resolved*

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Authorities face multiple pressures by citizens to provide good services to their citizens

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Registry is not connected with the cadastre office

Fast transformation of rural land for urban use requires new infrastructure and utilities Real estate agents spent about 15% of their costs on property clarification before sales Less than 5% of the Land in Bulgaria is placed in a cadastre (70% of the World’s countries have unsecured private and public registries)

 Traditional Institutions (Multilateral Financial Institutions) Do Not successfully solve these problems

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Panel has a proven success record to implement such policies

*Based on World Bank Literature and Assessment Reports

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The Panel Group Team  Panel Group consists of a team of international experts in the fields of property rights, real estate, surveying and privatization.

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Professionals from Australia, Canada and the United States International Experts who have worked with the World Bank and the OECD

 Our Team has:

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Proven knowledge of the end-to-end processes of reforming property rights and improving public service delivery

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International know-how in applying PANEL Group’s unique methodology. Extensive experience in advising national authorities in numerous developed and developing countries on property rights reforms, housing finance structures, and better urban governance

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Why Use the Panel System?  Urban Renewal and better Public Sector Management

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In close cooperation with your municipality, we design and implement adequate changes and measures that transform undervalued municipal areas.

 We construct a system to effectively organize property information in a Data Base, thereby improving...

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delivery of public services and infrastructure development

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price definition of land assets for sales and leases

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municiaplity’s position on public & private sales

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tax collection and municipal land revenues

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partnerships with private investors


RESULTS! 11


Benefits for Your Municipality Panel Group will help you realize important social and economic benefits Reduced opportunistic behavior Increased ownership security

Strengthened trust in the State

Improved social capital and civic engagement Growing labor mobility Quality employment Rising property values

Better infrastructure Higher social cohesion

More private investment

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• Your municipality will have an unique integrated property database system (information, better service and high users satisfaction) • New investors will have security and thus increased interest to locate their business your municipality • Land prices will increase, happier land owners and voters

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More Private Investment Situation now

Low level of incoming investment and shortterm speculation

After Panel reforms

Vibrant property market will be the backbone of significant foreign and domestic investment

Reasons

 High transparency and efficiency of the property system  Low costs of transactions  Security of information  Increased supply of credit  Lucrative investment opportunities

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Investment which turns this…

…into this! …or this! …or this! 16


Increased Employment Situation now

Depressed labor market

Through Panel reforms

New employment opportunities in construction, banking, urban development and improved public administration

Reasons

During the Project  We collaborate with local lawyers and engineers to construct the new system  On the job training of administrators to implement the new system After the Project  High quality jobs in the maintenance of the new system  Infrastructure development  New business opportunities

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Strengthened Trust in the State and your Municipality Situation now

Severe insecurity coupled with skepticism in the sound functioning of public administration

After Panel reforms

Transparent administrative and regulatory environment increases trust in the State and improves the performance of local government

Reasons

 Constituents value municipal services and feel their rights get respected and acknowledged  Improved public service delivery and infrastructure development  State credited for property appreciation and property owners wealth generation  Better information on constituents and increased public revenue improves health and education system  Middle class is strengthened and gains confidence in economic opportunities

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Working Together 19


Three stages of working together

1. Project agreement with the municipality 2. Design and pilot the new property system (Data Base), including the testing of technical aspects 3. Fully implement the new system (Data Base)

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Some Details‌ 1. We identify target areas in cooperation with the Mayor 2. We measure the level of difficulty of each target area and prioritize it accordingly 3. We use all existing data (legal and topographical) from public entities: Municipality, Registry, Cadastre, Ministry of Economy and Ministry of Agriculture 4. We build on previous reform efforts and deepen them in the target areas 5. We deliver a scalable and robust property system 6. We train municipal officers in the application of the new system

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professionals helping governments helping citizens


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