The counselor of Territorial Policy, Territorial Cohesion and Water of the Government of Canarias, Manuel Miranda, signed this Tuesday a collaboration agreement with the General Council of Notaries (CGN), represented by its president, Concepción Pilar Barrio Del Olmo; the Notarial College of the Canary Islands (CNC), through its dean, Alfonso Cavallé; and the Technological Center of Notaries, directed by Alberto Martínez Lacambra, to improve public management in matters of expropriations.
The agreement will allow the Canary Islands Valuation Commission to access real, updated, and anonymized information on real estate operations, coming from the Notarial Unified Computerized Index, with the aim of adjusting the setting of fair compensation to market reality.
Counselor Manuel Miranda highlighted that this alliance represents “a decisive step to modernize public management and guarantee more just and transparent processes”, by incorporating objective data in the valuation of expropriated assets.
“More data means better decisions,” he pointed out, underlining that this tool will allow to reduce uncertainty in the files and to avoid discrepancies in the determination of prices, one of the main sources of conflict in expropriation procedures.
In this regard, the agreement "strengthens legal certainty both for the Administration and for the affected citizens, by basing valuations on reliable and contrasted market references. Furthermore, it will contribute to streamlining the processing of files, by having clearer and more homogeneous criteria".
The system will facilitate information on real estate sales -such as type, surface area or price per square meter- which will allow the Administration to refine its valuations with greater precision.
The president of the General Council of Notaries, Concepción Pilar Barrio Del Olmo, explained that “the basis of this agreement are the data contained in the Notarial Unified Computerized Index, that is, references of the deeds that we notaries authorize”. Therefore, we are talking about “authentic and updated data,” she concluded.
With this initiative, the Government of the Canary Islands advances in its objective of strengthening confidence in the public, guaranteeing more agile, more transparent expropriation processes and with greater guarantees for citizens.
“The signing of the agreement does not entail any economic cost for the Administration and will have an initial validity of four years, extendable for another four, within the framework of a commitment to institutional collaboration and the use of technology at the service of more effective public management,” explained Elena Zárate, Deputy Minister of Territorial Planning and Demographic Challenge of the Government of the Canary Islands.