Spanish Property "Land Grab" - The Facts

Leading Spanish property team Spain the Easy Way publish answers to many questions about Spanish Property. In this press release Spanish Property Land Grab.

(PRWEB) May 4, 2005 -- There has been a great deal of publicity recently regarding the land grab" issue of Spanish property. It is one of the most common questions from new clients of www.spanish-property.ws. Spain the Easy Way sheds light on the issue.

Land grab" involves the compulsory payment of land or cash by Spanish property owners as a contribution towards infrastructure costs such as mains water, sewage, roads etc. Although it has captured the headlines land grab" only affects a tiny minority of Spanish property owners and neednt affect anyone who takes proper independent legal advice from a Spanish Property Solicitor.

The issue revolves around three different classifications of land; land already urbanised, land suitable for urbanisation and rural land. The land grab" law was originally introduced to prevent individual owners of Spanish property in areas that have been re-classified standing in the way of developments that would benefit the whole community. The law obliges the Spanish property owner, in recognition of the fact that the value of their property will increase significantly, to contribute in land or cash towards the cost of developing an infrastructure.

The good news is that land grab" only affects Spanish property owners in certain areas of Valencia where the law was badly drafted. The vast majority of Spain does not suffer from this problem. An independent local spanish property Solicitor will be able determine whether or not a particular property will be susceptible to land grab".

Furthermore the law does not affect anyone with an interest in Spanish property in an area already urbanised or designated as such. This covers almost all apartments, townhouses and other linked properties as well as almost all new villas. Most modern streets of detached villas are in areas designated as urbanisations, in Spain the designation urbanisation does not necessarily mean the stereotypical complex with a pool" but in fact includes most modern residential areas.

www.spanish-property.ws was created by Spain the Easy Way" as a guide for European buyers looking to buy a holiday, investment or retirement property in Spain. They provide information on places to buy, styles of home available and the buying process in Spain. They promise a personal service with access to real people" to answer questions and guide you through the whole process.

For more information or to ask your own question please visit www.spanish-property.ws if you dont have access to the Internet please call 01709 721812 and speak to one of the team who will be happy to offer you any advice they can.

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