Pre-Sale of Flats as a Method to Limit Market Risk
Ładowanie...
Data
2014
Autorzy
Tytuł czasopisma
ISSN czasopisma
Tytuł tomu
Wydawca
Wyższa Szkoła Biznesu - National-Louis University in Nowy Sącz
Abstrakt
The focus of this study is on the analysis of the developer’s and purchaser’s
risks that result
from pre-sale of flats in the real estate market. This study attempts to analyze
developer’s and purchaser’s risks that result from pre-sale of flats in the real
estate market. The study discusses the results concerning the economic indices
that stimulate behaviors of participants and analysis of the Developer’s Act
in the aspect of benefits and risk for market participants. The provisions
of the new Developer’s Act that introduce regulations beneficial for both
customers and developers (thus improving their safety) were also discussed.
The Developers Act emphasizes the importance of pre-sale as a limitation
of market risk that results from finding customers at the stage of pre-sale,
guarantee to sell investments at the pre-defined prices and finding funds for
financing developer’s projects. The analysis of benefits for both purchasers
and developers that result from pre-sale of flats secured with escrow accounts
points directly to reduced market and financial risks incurred by developers
and lower purchaser’s risk of losing their resources. It was also stressed that,
however, the costs of all the legal and financial solutions increase the financial
load for the customers.
Opis
Słowa kluczowe
developer, pre-sale of flats, developer’s risk, escrow account
Cytowanie
Business and Non-Profit Organizations Facing Increased Competition and Growing Customers' Demands. Ed. by A. Nalepka, A. Ujwary-Gil. Nowy Sącz : WSB-NLU, cop. 2014. – S. 373-386