House debates real estate law
The House of Representatives discussed the proposed amendments to the Real Estate Ownership Law of 2026, aimed at developing the investment environment in the real estate sector by promoting transparency, facilitating the quick removal of joint ownership issues, and automating all transactions and procedures for electronic processing. Additionally, the law includes provisions for the sale and subdivision of properties based on plans prior to construction. It also features amendments to the conditions for dividing properties and procedures for compensation related to expropriations, aligning with agricultural unit laws and providing greater flexibility for creditors. Moreover, discussions continue on the Local Administration Law to enhance municipal governance, improve services, and broaden community participation, with a focus on increasing transparency, automating processes, and channeling funding toward less developed areas.
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