The new Law on Building Management and Maintenance has introduced new rules for how buildings operate. By the end of 2025, around 400,000 new Condominium Associations are expected to be registered. These associations are, de facto, companies with their own income and expenses, plans and investments, and varying levels of organizational structure. What will they look like in the future? What investment and financial opportunities exist in and around buildings?

If we view a building as a company, we must also consider business principles and rules. Will real estate agents need to change their approach to selling apartments? Will they “sell” the building along with the apartment, presenting it to future buyers as a stake in a successful company, or will this not be part of their work at all? Has the new regulation changed the attitudes of buyers and sellers?

The financial aspect of a building is crucial – are buildings attractive to banks, how risky is a building “as a company” for investment, and will banks and the financial sector, in general, change their approach to buildings? Should they?

What does building management actually look like? What is the role of the condominium representative – is it like a building director? How are decisions made, what does a building’s investment plan look like, how is renovation handled (e.g., Mali Vatikan is currently under post-earthquake restoration), and what does a condominium meeting look like – is it like a shareholders’ general assembly?

How do you legally “structure” a building? What should you pay attention to, which clauses are mandatory in the Co-Ownership Agreement, and how do you assign responsibilities for decision-making? Contracts in buildings are very much like contracts in companies.