Enhancing Buyer Protection in Real Estate Transactions
New legal measures have been implemented to enhance buyer protection in real estate transactions, focusing on transparency and safeguarding buyer interests. Sellers are now required to provide an updated search certificate when signing a contract, declarations are necessary for properties with encumbrances, full disclosure of financial obligations is required to prevent undisclosed debts, and mortgage release upon significant payment ensures secure property claims for buyers. These new laws aim to increase transparency and ensure that buyers are wellinformed and protected in their real estate purchases.