House OKs 5 Real Estate Amendments
The House of Representatives approved five articles of the proposed amendments to the Real Property Law of 2026, aimed at regulating and improving the management of the real estate sector. The amendments include new powers for the employees of the Land and Survey Department, allowing them to conduct transactions electronically and use electronic signatures. Additionally, a specialized regulatory unit has been established to protect investors' rights and develop the real estate market. The definition of roads has also been expanded to include railways, and the authority to issue land settlement orders has been transferred to the Council of Ministers, with the goal of streamlining processes and encouraging investment in the real estate sector.
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