The duration it takes to formalize ownership of property is a critical metric that reflects the efficiency of a country’s legal and administrative framework. This timeframe encompasses all necessary procedures, including the preparation of documentation, adherence to local regulations, and the processing times of governmental agencies. A shorter duration typically indicates a streamlined registration process that fosters a conducive environment for business investment and economic growth. Conversely, prolonged registration periods may deter potential investors, symbolize bureaucratic inefficiencies, and contribute to a perception of instability. Understanding this timeline is essential for businesses assessing the feasibility of property investments, as it impacts overall project timelines and financial planning. Efficient registration can enhance a country's attractiveness by promoting transparency and reducing transaction costs. Source: