Legal Status Of Property.

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01 May 2007 12:00 AM by sunbelt Star rating. 63 posts Send private message

 

With Spain and in particular Costa del Sol going through a rough time at the moment with the corruption legal situation regarding planning and the lack of occupancy licences etc.

With the opinion in many newspapers and forums that property prices will fall in this region,what are the opinions as to what would happen to property prices should the Spanish government sort out the legal status of all developments which have various problems in the near future.





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01 May 2007 7:16 PM by JeansSis Star rating. 2376 posts Send private message

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Que sera sera  

I've got enough to worry about without worrying about something I can't control.





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01 May 2007 7:49 PM by sunbelt Star rating. 63 posts Send private message

 

Jeans Sis

It cant be that bad,just imagine ?

Seems at the moment that  things are out of control enough as it is so youre not alone.

 

Regards

Jim 





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02 May 2007 10:35 AM by EOS Team Star rating in In Spain of course!. 4015 posts Send private message

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sunbelt, I can only assume that what is happening now can only be good for the industry.   It is important that the relevant authorities take control and sort out the licencing mess which is so prevalent everywhere, not just Marbella. 

Whether it will affect prices I don't know, but maybe in the long term when consumer confidence returns.  Many people still feel there is a risk associated with buying in Spain, particularly off plan.

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02 May 2007 4:58 PM by FibbyUK Star rating in UK, Surrey & Playa F.... 2349 posts Send private message

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This is an interesting question sunbelt.

Take the current problem in Catral CB.

1,500 homes are under demolition order as the building licences were issued fraudulently.

They must have had licences of occupation on completion which was over 4 years ago. 

If the domolition order goes ahead, does this then "free up" 1.500 licences of occupation to build in another area?

Will this increase or decrease property prices in that area?

Would this have any effect on the official Government figures?

I am no expert and may not have grasped things properly, so if anyone can answer this question?

 



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02 May 2007 5:46 PM by Roberto Star rating in Torremolinos. 4551 posts Send private message

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I recommend clicking on this link http://www.eyeonspain.com/spain-magazine/death-spanish-property.aspx to read some excellent opinions from professionals within the real estate sector on the CDS that Justin has managed to get for us. Very insightful, and should help allay a lot of fears. Probably the most sensible comments I've read for a long time.

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