What are the implications for the market?
The main immediate effect will be an increase in the cost of projects due to the need to strengthen structures, install improved ventilation and safety systems. This can lead to higher rental and sale prices, as well as more informed investment decisions.
Over time, buildings offering an increased level of security may stand out in the market. This will be a special advantage in the premium segment and for strategic locations.
Thus, the law will not only increase the requirements for construction, but may also reallocate the priorities of both developers and buyers, making security a new significant characteristic of real estate.
Source: WBJ