THE LEGAL EFFECT OF THE REGISTRATION OF REAL ESTATE RIGHTS IN THE MACEDONIAN LEGAL SYSTEM

The paper examines the legal effects of the new system for the registration of real estate established in the Macedonian legal system by the Real Estate Cadaster Act of 2008, and the Real Estate Cadaster Act of 2013. One of the principal goals of these laws was the creation of a modern digital real estate cadaster that would enable easy access to data about real estate and rights over real estate that are correct and up to date. By creating a digital system for collecting, processing and distributing data about real estate and rights over real estate the legislator expected to increase legal certainty in the real estate trade. By looking at the system for registration of real estate rights both from legislative and practical aspects the paper aims to demonstrate to which extent the set purpose has been met. The paper also highlights the system’s deficiencies and explores potential avenues for further development.