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Major Developments: Distortions in the legal framework for real estate

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Major Developments: Distortions in the legal framework for real estate

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The Association of Large Developments, which belongs to the power of the CCCI, requests the taking of the necessary measures and decisions that will contribute to the clarification of the cloudy landscape that prevails today in the real estate sector.

According to the findings of the Association of Large Developments, today the image in the real estate sector is confused on many issues, which creates serious problems in the market and especially in buyers and sellers of real estate.

Characteristically, the Association refers to vague laws, unclear regulations, overlaps of decisions, gaps and shortcomings that all together create a vicious circle of distortions and affect the rational development of the real estate sector.

At a time when we all expect the economy to grow, the Association adds, we should have settled all these issues so that the landscape is clear for those involved in the real estate sector.

The Association also points out that this image also affects investments (local and foreign) in real estate, since commercial real estate transactions are often canceled, due to the murky landscape that exists.

In order to overcome these problems, the Association calls on the government and the Parliament to address all these distortions and to work together to correct them.

Such an initiative is noted will help the business climate in the real estate sector, which today due to these problems is not the best.

Concluding, the Association underlines its readiness to contribute with ideas and proposals that will help the State to improve the legislative and regulatory framework for real estate, so that this sector can strengthen the growth of the economy, create new jobs and stimulate investment. .

Source: www.philenews.com

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