Real Estate

Maximum delivery time extended for prepaid housing sales

The maximum delivery time to the consumer, which is determined by the contract in prepaid housings, has been increased from 36 months to 48 months.

The Regulation of the Ministry of Commerce on Amending the Regulation on Prepaid Housing Sales was published in the Official Gazette.

Accordingly, it will be obligatory to deliver the prepaid housing to the consumer within the time promised in the contract. This period cannot exceed 48 months from the date of each contract.

Before the change, this period was applied as 36 months at the most.

The regulation will come into effect on 1 October.

Source: Trthaber / Translated by Irem Yildiz

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