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Spanish Government in Court Over Land Grab Laws

Wednesday, August 27th, 2008    Posted by OP-Mall in European Property, Spanish Property

construction in tarifa, spain

British and other overseas expats who have lost their Spanish homes to a notorious and ridiculous ‘land grab’ law now have some hope in retrieving their properties. The European commission has now taken Madrid to the European Court of Justice over alleged infringements of European competition regulations governing the public works contracts in Spain.

The law allowed Spain’s developers to expropriate rural land from property owners if the developers’ could persuade local authorities that the rural land acquired were suitable for “urban development”.

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Spanish Approve Tax Cuts To Counteract Property Gloom

Tuesday, April 22nd, 2008    Posted by OP-Mall in Spanish Property

The Spanish government has acted fast to counteract the worldwide property gloom that seems to have hit us like a storm in the last few weeks. A new law was passed on April 18th that cuts all workers and pensioners tax bill by 400 euro, taken from a budget surplus to help counteract the slumping housing market.

18 billion euros has been approved with immediate effect to be funnelled back to the Spanish residents. 10 billion for this year and the remaining 8 billion euros next year.

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