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In much of the world, property sales are highly regulated and expensive. Using World Bank data, this column shows that while regulators and administrators still pose barriers to transferring property, countries have actually seen tremendous progress in reducing compliance costs in the area of registering property over the past 15 years. In the wake of the Covid-19 pandemic, moving public services online has provided opportunity to reduce compliance costs further by holding the level of regulation constant and easing the way in which it is administered.
