Public prices. The Sejm for a new duty for developers

On Wednesday, the Sejm adopted amendments to the Senate to the amendment introducing the obligation for developers to disclose the prices of apartments. One of the amendments specifies that the price, which must be revealed by the seller of the apartment, is the price given in the development agreement.

Now the amendment will go to the president's signature.

The amendment to the Act on the protection of the rights of the buyer of a residential premises or a single -family house and the development of the Guarantee Fund obliges developers to run websites, on which housing prices are to be given from the beginning of sales to its termination. The author of these solutions was the Polish 2050-TD club.

It assumes that the seller will be required to place a price for a square meter and prices for the entire property on his website, as well as on a special government portal (data.gov.pl).

In addition, these rates will have to be updated every 24 hours, and the seller will have to archive them so that the buyer can compare them. For companies that will not comply with the regulations, there are penalties to impose Office of Competition and Consumer Protection (UOKiK).

According to the regulation, in the event of a discrepancy between the price given and the price offered at the conclusion of the contract, the buyer will have the right to request the sale of real estate at the price of the most advantageous for him.

The Act also provides that the developer is also required to publish the prices of a square meter of all real estate offered, i.e. together with a garage or a storage room. A violation of this obligation is to be a practice that violates the collective interests of consumers and will be punishable.

One of the amendments of the Senate specifies that the price that the seller must reveal is the price given in the development agreement.