professionals helping governments helping citizens MISSION Uniting key

professionals helping governments helping citizens

MISSION Uniting key players to promote urban renewal 1

OBJECTIVE Working together we help generate important social and economic benefits by Streamlining the interests of all parties involved, thereby creating a win situation through the reform process. 2

Putting It All Together Panel Group LLC Local Citizens Municipality State Authorities 3 Investors

Putting It All Together Panel Group LLC Registry Property Rights Mapping data Urban Development Budget data 4

Property Market in Bulgaria – An untapped source of prosperity l A vibrant real estate market, especially after EU accession l But several difficulties need to be resolved* Authorities face multiple pressures by citizens to provide good services to their citizens 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) Registry is not connected with the cadastre office l Traditional Institutions (Multilateral Financial Institutions) Do Not successfully solve these problems Panel has a proven success record to implement such policies *Based on World Bank Literature and Assessment Reports 7

The Panel Group Team l Panel Group consists of a team of international experts in the fields of property rights, real estate, surveying and privatization. Professionals from Australia, Canada and the United States International Experts who have worked with the World Bank and the OECD l Our Team has: Proven knowledge of the end to end processes of reforming property rights and improving public service delivery 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 8

Why Use the Panel System? l Urban Renewal and better Public Sector Management In close cooperation with your municipality, we design and implement adequate changes and measures that transform undervalued municipal areas. l We construct a system to effectively organize property information in a Data Base, thereby improving. . . delivery of public services and infrastructure development 9 price definition of land assets for sales and leases municiaplity’s position on public & private sales tax collection and municipal land revenues partnerships with private investors

RESULTS! 10

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 11

• 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 13

More Private Investment Situation now Low level of incoming investment and short term speculation After Panel reforms Vibrant property market will be the backbone of significant foreign and domestic investment Reasons l High transparency and efficiency of the property system l Low costs of transactions l Security of information l Increased supply of credit l Lucrative investment opportunities 14

Investment which turns this… …into this! …or this! 15

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 l We collaborate with local lawyers and engineers to construct the new system l On the job training of administrators to implement the new system After the Project l High quality jobs in the maintenance of the new system l Infrastructure development l New business opportunities 16

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 l Constituents value municipal services and feel their rights get respected and acknowledged l Improved public service delivery and infrastructure development l State credited for property appreciation and property owners wealth generation l Better information on constituents and increased public revenue improves health and education system l Middle class is strengthened and gains confidence in economic opportunities 17

Working Together 18

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) 19

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 20

professionals helping governments helping citizens