»»Spain Introduces Law To Fight Property Speculators
The Spanish Parliament has passed a law aimed at controlling property speculators whom the government blames for spiralling house prices.
Official documents will list everybody who has owned any piece of land in the five years before its development.[…]The government hopes that reducing the number of speculators and the degree of corruption will bring down prices. […]
The new law also reserves 30% of future property development for social housing and allows for planning decisions taken over the past two years to be reviewed under certain circumstances.
It will come into force on 1 July. (Source: BBC)
Bookmark this article!
