The Real Estate Trust in the Building Sector in Colombia

The construction sector, although it has a private character, is intimately related to the public sector in terms of the normative instruments for the development of the proper activities of construction of buildings. In recent years, the country has experienced significant economic growth, and construction companies have gone to real estate schemes with legal regulation in Colombia, which is insufficient for the development of the sector, causing problems for both builders and consumers, without training and sufficient information for decision making. Thus, the current legal regulation in Colombia of the real estate scheme FIDIS or International figure of fiduciary law, widely allows the reception of funds and clearly carries a series of risks for the consumer.