Recall the Application About the Lack of Property Rights in Peru

Recall the Application about the lack of property rights in Peru, and why clear property rights are important for economic growth in developing countries, to answer the following question(s) . Clear property rights give owners an incentive to make long-term investments in their property, and are vital for the property owners to be able to borrow funds.
-According to this Application, clear property rights are important for economic growth, because without a clear title to property,

A) the property cannot be used as collateral for loans.
B) people will not reside on the property.
C) no utilities will be available for the property.
D) the property has no value.