Step forward or back...

Despite high hopes, 2009 will not prove to be a turning point for real estate legislation. Minor changes are being introduced. however, if it is comprehensive changes you are waiting for, then you will need to be patient   The end of another year is approaching, which is traditionally a good time for summaries and, more importantly, to look to the future. It was widely understood that 2009 would bring crucial changes to real estate legislation, particularly since a great number of amendments in bills which were to virtually revolutionize the construction process were announced. The upcoming year-end proves, however, that for comprehensive changes one must be patient. Nevertheless, waiting becomes much harder when the level of optimism on the market drops. The aim of this article is to try to evaluate the legislative changes that have been implemented during the past year, to indicate the next changes pro