The Agency for Geodesy, Cartography and Cadastre (AGKK) will actively participate in the fight against property fraud through specific technological and organizational measures aimed at higher security for consumers and participants in the property market. This became clear during a meeting organized by the Ministry of Justice, dedicated to the topic of fraud prevention in the sector.
Electronic protection when working with cadastral documents
The Executive Director of AGKK Georgi Georgiev presented the advantages of the modern information system KAIS, through which cadastral data and applications are processed. The system works with profile-based electronic identification, precisely defining the role of each user – notary, private enforcement officer, cadastre specialist or internet user.
Any access to cadastral information is monitored and carried out only within the framework of the regulated powers. This reduces the risk of unlawful interference and ensures transparency in the processes surrounding property reports, sketches and schemes.
A new model for early warning of suspicious properties
Georgiev proposed the creation of a alert mechanism through which law enforcement agencies could submit preliminary information to the Cadastre for properties with a potential risk of fraud. Thus, upon receipt of an application, the system will alert the employee, who can notify the relevant authorities – before the fraud has occurred.
This model can provide an opportunity to prevent risky transactions before they are even implemented.
According to Georgiev, AGKK processes an average of about 1,400 applications per day for changes in the cadastral register – over 30,000 per month. These activities are carried out by just over 120 employees, most of whom are engineers and technical specialists. This volume, combined with high expectations for security, necessitates the ever-wider use of automation and digital identity.
Forward to full digitalization: time for a property registry
With a national cadastral map coverage of 98% and almost all properties in the country with an identifier, Georgiev emphasized that the time is ripe for the creation of a true property registry – a step that will unite the cadastre and legal ownership in a single environment.
A single register will facilitate inspections, shorten transaction times and reduce the risk of fraud, especially in cases of disputed ownership or inherited properties.
Detailed statistics on average property prices in Bulgaria by city and neighborhood can be seen HERE