Land transactions also require sound judgment as there is an element of speculation in them.
Land transactions involved claims in the local courts of the lords.
Laws complicating land transactions, and the labyrinthine intricacies and glacial pace of litigation, are further deterrents.
Land transactions totalled just €4 billion in 2010, down from €23 billion in 2004.
Because there have been few land transactions, the treasury has been getting low, Mr. Haines noted.
But land transactions are fairly transparent, land registration is cumbersome and expensive, and land holdings are hard to hide.
This is because they were not primarily intended to supply genealogical information but to record land transactions, taxation, and lawsuits.
In contrast, in countries like the United States, the European-type notary is missing from land transactions.
It significantly reduced corruption in land transactions and considerably enhanced the protection given to forestry and game reserves.
First, the legal infrastructure within the countries in which these land transactions have occurred is often weak.
But there is a difference between the legal framework of land transactions and the regulations that govern coastal fishing.
