˼ SPEAKERS CORNER
34
Fifty years’ service The Breyne Act is a sound, simple, and readable law that has been amended only once since 1971. Unlike many complicated laws voted in today, this act has been doing an excellent job for almost fifty years.
Bought a house that still needs to be built? Head of Legal Hanne Dekeukeleire explains how the Breyne Act can protect you.
Anyone wishing to invest in real estate today has to be quick. Most of the new construction projects have already been sold out before the foundation stone is laid. At ION, this is no different. But do buyers run a risk if they invest in a property that hasn’t been built yet? No, because they are protected by the Breyne Act. Hanne Dekeukeleire, Head of Legal at ION, explains how it works. — Why was this law drawn up? “The Breyne Act is a relatively old law that dates back to 1971. At that time, there was a massive increase in the number of new houses on the real estate market. Without a legal framework, some real estate developers made the buyer pay the full price before construction started, with all the risks involved. In the event of the construction company’s bankruptcy, the buyer would have paid for a house they could never live in.”
ICONIC
