T
he Social Democratic Party (PSD) has submitted a bill to the Parliament that aims to limit the upfront payment for buying real estate from developers to 10% of the property's price. The proposed law also requires that these payments be made into a special account dedicated to each project, ensuring funds are not diverted.

    In cases where an insurance contract is in place, the upfront payment can rise to 40% of the property's value. This move comes in response to recent scandals involving real estate developers like Nordis, where buyers paid in full but did not receive their properties.

    However, industry experts argue that enforcing such a law immediately would put many developers at risk of bankruptcy. As Antoanela Comşa, deputy general manager for Meta Estate and president of the Gran Via developer, points out, there is currently no insurance product on the market to support this requirement, and some developers rely on customer payments to finance their projects.