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Significant amendments regarding the real estate sector, in particular the developers, were introduced to the Construction Audit Law No. 4708 (“Law”) within the scope of the Omnibus Bill No. 7143 published in the Official Gazette dated 18 May 2018 and numbered 30425.
Significant amendments regarding the real estate sector, in particular the developers, were introduced to the Construction Audit Law No. 4708 (“Law”) within the scope of the Omnibus Bill No. 7143 published in the Official Gazette dated 18 May 2018 and numbered 30425.
The most significant amendment to the Law is regarding the procedure for selecting the construction audit company. Prior to 1 January 2019, the building owners could enter into a contract with any construction audit company that they preferred.
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