Parliamentary Debate on Property Law
The House of Representatives discussed the amended draft law of the Real Estate Law for 2026, aimed at improving the investment environment in the real estate sector. This will be achieved by updating procedures and formalizing them through digitalization, facilitating the clearing of co-ownership, and accelerating notarization and transaction processes. The law also includes provisions allowing the sale and subdivision based on plans before construction, simplifying property partitioning with the approval of three-quarters of stakeholders, and obligating the government to pay compensation for expropriations within five years. The legislation seeks to enhance transparency and efficiency in the real estate market and stimulate investment by streamlining procedures, reducing costs, and shortening timelines.
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