Is the law applicable to projects launched before it was issued?
Last reviewed
Yes, the law covers all projects that were sold off-plan and have been completed. Developers were given a six-month grace period from the date the law was issued to comply with the requirements of Law No. 8 of 2007 concerning escrow accounts for real estate development.
Still not sure how it applies to you?
Every deal has a detail the general answer does not cover. Put yours to a broker who closes them weekly.