23 Hrs
Source:
المصري اليوم
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Hani Tawfiq Calls for Market Legal Framework
The article focuses on the necessity of reforming the real estate market by establishing a regulatory legal framework to prevent repeated issues of default and delays in delivery. It emphasizes the importance of using escrow accounts to ensure that buyers' funds are properly allocated according to the project's progress and to protect clients' rights. Additionally, it calls for solid financial solutions and structures, such as increasing companies' capital or bringing in investors, as well as utilizing bankruptcy procedures in cases of severe default, all aimed at improving the regulation of relationships between developers and buyers and preventing future crises.
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