16 March 2021
New Property Development Act
The draft act on the protection of the rights of the buyer of a flat or single-family house and on the Development Guarantee Fund, i.e. of the so-called Property Development Act, has been submitted to the Polish Parliament and is waiting for the first reading. What will be its consequences? Protection of funds paid in by the buyer in the event of the developer's bankruptcy or subsequent withdrawals from open escrow accounts? For more details check our blog.