The study will analyze the relations between the companies active on the market, as well as the way they operate in different phases of real estate development.
“The competition authority aims to clarify aspects that can affect competition and, implicitly, consumers, such as the legislation, the pace of development, the causes that lead to price increases or the potential decrease in the quality of construction works. Consequently, the Competition Council will request information from the companies operating in the real estate market, as well as consumers’ opinion about the quality of construction works, available facilities or their management. After completing the analysis, the Competition Council will issue proposals and recommendations to eliminate the issues identified”, the antitrust watchdog said in a press release.
The Competition Council said its priority is to identify and to remove any market dysfunctions, as well as to fix any disorder regarding the access or relations of the companies active in the market. The watchdog added that it would impose sanctions in case of law violation.