Wednesday, December 3, 2008

European Parliament could freeze funding to Spain over real estate abuses

The European Parliament is threatening to freeze funding to Spain unless real estate abuses are not brought to an end.

The regional Valencian Government is at the centre of the EU’s attention with the past LRAU law and the current LUV town planning laws criticised in particular. Europe wants to see judicial and administrative mechanisms put in place to compensate those who have become innocent victims of the two laws.

Europa Press reports that the preliminary report from the European Parliament on town planning in Spain, calls for a moratorium on all new projects which are not environmentally sustainable, and which do not respect the right of ownership.
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