Signing a construction contract does not guarantee the buyer that he would finally get his apartment.
The recent crisis launched on the real estate market by bankruptcy procedures filed by Yapitek contractor, involved with building the Planorama real estate complex, with more than 1.000 apartments, is a reason of concern for buyers.
Real state lawyers say that there are reasons to worry since the current market is selling-oriented.
Most of the problems show up because of clients’ lack of experience. They do not know their rights or know to ask for special contractual stipulations to protect themselves from future financial disasters.
At the same time, there is certain pressure from the sales people who refuse to make additional stipulations, considering the large market demand.
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