Under a Trade Ministry regulation effective October 1, 2026, sale amounts in real estate transactions will be held in a secure account until title deed transfer is finalized and then transferred to the seller's account upon completion.
In the new system, banks and land registry directorates will operate in an integrated manner. Real estate consultants will also assist buyers and sellers in the process. Experts warn that understating the sale price or making cash payments could create legal and financial risks.
TSL
