After a ten-year hiatus, the Real Estate Registry only partially reactivated: News and analysis

Contrary to some confusion about the circulating news, Libya’s Real Estate Registry has only been partially reactivated after a ten-year closure following Libya’s 2011 revolution. AnalysisReal Estate Registration Authority’s full reactivation vital for real economic developmentIt is worth noting that the full reactivation of Libya’s Real Estate Registration Authority is vital for the country’s real economic development. Banks need to put an official charge on a property they have given a loan at the Real Estate Registration Authority. Real Estate Registration Authority was closed because of the weak stateThe Real Estate Registration Authority was closed by the National Transitional Council in 2011 as a temporary step during the revolution to protect against the coercive registration of ownership. It was thought that the Real Estate Registration Authority would only be fully reactivated after the election of a fully mandated government.