House approves real estate law
The House of Representatives approved an amended bill to the Real Estate Law of 2026 aimed at improving property valuation methods and enhancing fairness in compensation for expropriation. The amendments include adopting more accurate standards for determining property values, granting the Council of Ministers authority to transfer ownership of lands from state assets to investment funds and government companies to encourage investment and facilitate property ownership, as well as easing procedures related to valuation and discounts in auction participation. The law intends to support investment and promote greater justice in compensation and property ownership matters.
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