Cofopri implements restrictions on the immediate sale of entitled land to prevent illegal trafficking. This is because the purchase of land in Peru is increasingly attractive.
The acquisition of land in Peru It has become a more attractive option due to the increase in population and the growing demand for housing. In this scenario, the informal property formalization agency (Cofopri) has implemented restrictions that prohibit the immediate sale of newly titled land. This measure aims to safeguard citizens’ interests and prevent illegal land traffic, an activity that has experienced an increase in recent years.
Therefore, although obtaining a free property title may seem like a tempting opportunity to market housing, it is important to take into account the established limitations. As indicated by Cofoprithe sale of your property cannot be carried out immediately.
Cofopri 2025: How many years should they spend to sell or transfer a home?
Cofopri He has established that those who obtain a property title free of charge may not transfer or sell the land for a period of five years. This measure aims to prevent the commercialization of land, which is one of the most common activities among land traffickers. Law No. 31056, which expands the deadlines for informal possessions, includes this restriction to protect families that really need these titles.
What is the consequence if a house with a title of property provided by Cofopri is sold, before 5 years?
In the event that it is detected that a land entitled is transferred before the five -year period takes place, Cofopri He has the power to reverse property in favor of the State. This implies that the transfer will be declared void and may not be registered in the SUNARP PLACE REGISTRY. It is relevant to note that free access to the property title will not be available for those who already have another property registered in their name in the country.
What are the requirements to obtain a property title?
For those who still do not have the title of Cofopri, the institution announced modifications in the degree process, eliminating the demand to present the proof of possession, a requirement that was previously mandatory. However, a fundamental aspect is maintained: applicants must demonstrate that they have occupied their lot directly, peaceful, continuous and public for a minimum period of one year before the date of registration.
To complete the procedure, the National Identity Document (DNI) and basic services receipts such as light, water, cable or telephone are required. In addition, it is necessary to provide documents that support ownership, such as the self -evaluation, testament or sale contract.
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Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
