Sunday, September 30, 2007

Spain: Spanish Real Estate Legal Update

The new Land Act came into force on 1st July 2007 last, replacing the former Land System and Valuations Act 6/1998, 13th April.
Its purpose is to:
* Preserve landscape and environmental character
* Curb property speculation and rising house prices
* Stop excessive development.
This Act will regulate the basic conditions guaranteeing equality in the exercise of and compliance with land-related Constitutional rights and duties throughout the territory of Spain. Similarly, the new law provides for the economic and environmental basis underpinning the legal framework of land, land valuation and the Public Administrations’ patrimonial liability in this matter.
q

Property in Spain

Spanish real estate articles

Marbella real estate net