 The European Commission has been inspecting the situation again in the Valencian community with respect to the LRAU - the so-called land grab law. Then the Valencian government dropped the bombshell - one million new homes.
More than 15,000 home-owners - many of whom are British and other foreign nationalities - have been affected by the law, introduced by the Valencian government in 1994. It allows land and property to be seized for development, its owners paid only derisory compensation and then charged for “infrastructure improvements”.
The LRAU has been criticised by the European Commission for breaching European property laws and human rights. The commission has threatened sanctions and the suspension of subsidies. The British Government and other governments have been very critical of the law and have formally asked the Spanish government to reform the law.
However a few days ago the Times of London revealed that the Valencian government has plans to expand the building program that is putting the squeeze on already saturated land.
With land on the coast almost exhausted developers are now moving inland putting a new tranche of homes at risk.
The Times said: “One million new homes and 90 golf courses are expected to be built on the Costa Blanca, Britain’s favourite Spanish region for holidaymakers and second home-buyers, under massive expansion plans over the next decade.”
The demand for the home is of course fuelled by more British and other Northern Europeans coming here to live.
Another concern is where is the water going to come from? |
