As the real estate market has recently expanded, demand grows, we have a number of projects in the market that have begun to develop, the completion of which is planned only in the coming years or so.
For this reason, the builder and the buyer often first conclude a preliminary purchase and sale agreement, by which the builder undertakes to build and sell the dwelling at a certain price to that particular buyer.
AVOCAD – Law Firm senior lawyer Žygimantas Klizas says that rising prices for building materials and energy resources are having an unavoidable impact on the real estate market, which leads to a significant increase in the number of disputes over preliminary purchase and sale agreements for the purchase of residential housing.