Insecure title to land prevents people from taking full advantage of the productive uses of the land.Where
people have proper title to their land,
however, they can use the property as
collateral for a loan or transfer land parcels
in which they have invested. And
titles can serve as a valuable insurance
and savings tool for families, providing
protection during difficult times and in
retirement. Indeed, with the protection
of secure title guaranteed by a reliable
land registration system, land can be
used to create wealth for the broader
benefit of society and contribute to
the eradication of poverty. Because
land and buildings account for between
half and three-quarters of the wealth
in most economies, having a reliable
system for registering and transferring
property titles matters.3