Approximately 40% of the Spanish coast is built on, with many of the properties built without the correct planning permission. The Spanish Environment Ministry has now launched a campaign to protect the coast and clear properties from over 400 miles of coast.
The move sees the government using the Ley de Costas law, passed over twenty years ago, to reclaim the first 550 meters of the coast. The plans apply equally to properties constructed without planning permission and those legally built. The plans seem also likely to apply to bars, restaurants and hotels erected along the seafront.
The decision of the Spanish government to apply the 1988 Ley de Costas law has been widely criticised and protest groups have been set up to oppose the government. The move first announced in November of 2007 has resulted in many property owners being notified that their property is targeted by the scheme.
Some owners have already had the ownership of their property {{{removed|taken away}}, but have been permitted to stay on the premises on the understanding that the property cannot be sold or inherited.
A pressure group formed in Madrid now has over 20,000 members many of them non-Spanish citizens. The head of the action group Jose Ortega said "This is the single biggest assault on private property we have seen in the recent history of Spain" and he added "The state is destroying property without any concern for the law or human rights".
It is also alleged, that by applying the 1988 law retrospectively to property built and purchased in the 1970's, that the government is acting unlawfully in an unlawful manner.
The Spanish property market has always had a reputation for political corruption, with local officials accused of taking bribes in exchange for planning permission. With this move the central government has shown it will no longer tolerate building on the coast no matter how good developers? connections with local officials are.
So far 1300 buildings built without planning permission have been demolished since the government come to power, with many more owners being issued with 60 year licences allowing occupation of the building for that period without the right to sell to individuals (they may however sell to the government). The multi billion euro scheme to improve the Spanish coast will no doubt add to the beauty of an already stunning area but the cost to the residential tourist market will no doubt be high.
These moves come at a time when the once well performing Spanish investment property market has cooled considerably, largely due to rising prices and the development of Eastern Europe as a property hotspot. When once, Spain afforded the prospect of cheap property and a comparatively cheap standard of living to northern Europeans, now investors are inclined to look further afield for bargains. The governments? move is likely to have a negative effect on an already struggling property market.
Rental Properties In Spain
Firstly, when a new development is being planned the developer will seek provisional agreement from the local authority to start the project and, providing the local authority gives provisional permission the developer can and usually does start to sell his/her properties on an off-plan basis and usually builds show properties to give potential customers a firm idea of what they can expect.
This is without doubt the best time for buyers to snap up a bargain as properties will usually be around 30% cheaper than the final project price and also, as the project gets underway, the developer will increase prices on an incremental basis until the final selling price is reached. So the longer you delay putting a deposit down on off plan properties in Spain, the more likely it is that you will pay more for your property.
Of course there is always an element of risk when choosing to purchase off plan properties in Spain at this early stage as sometimes the expected date of completion may not be met. There are several reasons why this may happen for example, the developer may have been a little too optimistic with completion times or the weather may slow things up a bit and of course the local authority could take more time than anticipated to go over all the planning criteria and give the necessary approval for each stage of the project. That said the early stages of the project is without doubt the best time to pick up a bargain and bag a great investment property in Spain - but you must allow that thing may take a little longer than anticipated.
The second stage of the licensing procedure is that the plans for the infrastructure must be submitted and approved by the planning department and once these are accepted and approved then the final licenses to start building will be granted. This process is, by and large, the same process that occurs in the UK and as you may know, planning application criteria can vary a great deal depending on which local authority is dealing with the planning application and in Spain it really isn't that different.
All in all the planning department acts in the best interests of the customer and even if they are ponderous in their decision making in the final analysis you are more likely to get quality off plan properties in Spain built to the right specifications - but, as I say, things can and do take time and this can be frustrating for some people.
Both Amy Morgan & Elaine Ablettblw are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Amy Morgan has sinced written about articles on various topics from Real Estate, Finances and Real Estate. Amy Morgan is a freelance journalist writing on Spanish property law for. Amy Morgan's top article generates over 4400 views. Bookmark Amy Morgan to your Favourites.
Elaine Ablettblw has sinced written about articles on various topics from Real Estate. Rest Assured Properties was founded in 2003 and they quickly established themselves as a specialist in the sale of off-plan properties in the inland region of Murcia, Spain. The company is recognized by its clients for the professional and unsurpassed le. Elaine Ablettblw's top article generates over 720 views. Bookmark Elaine Ablettblw to your Favourites.
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