October 2024 Bulletin
Read about new developments in building and zoning laws, legalizaing land and housing, and the state-financed real estate sector
Welcome to our inaugural Monthly Bulletin on the Policy Tracker. October saw many new developments, including updated squatting and land tenure formalization processes, government bailouts for the real estate sector, and fresh social housing units. Here’s an overview of these developments and their broader implications.
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Real estate sector
Zoning Regulations Scrapped, Military Oversight Formalised
Amendments to the Unified Building Law’s bylaws were passed (Legal Archive: Minister of Housing Decree 943/2024), scrapping exceptional zoning regulations passed in 2021 limiting building densities (heights and footprints) in existing cities (excepting New Cities), and bringing in public universities as an added overseer of building permits. The scrapping of these regulations is thought to streamline applications for building permits and rejuvenate construction in existing cities that was stifled by these regulations. However, the public universities were formally replaced by the Armed Forces Engineering Authority, who will approve building permits for building over four stories high in addition to the local councils. Government sources saw this as an anti-corruption measure.
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