Thursday, November 16, 2006
CHANGES IN THE LAND LAW
Esteban Gonzalez Pons, the Conseller for the Territory, yesterday proposed an alteration to the Land Laws that are currently being prepared bythe Madrid Government in order to stabilize the division of profits that could generate any requalification of land amongst the affected owners. In this way, the Valencian Government is proposing that the profits generated by the sale of land be divided amongst those who have owned it for twenty-five years or more. According to the Conseller, in this way, it would be possible to do away with speculation and the price rises that homes in Spanish cities undergo. Mr. Gonzalez Pons added: "If the central government is not prepared to do this, then we are prepared to enact a law in this regard for the Valencian Community."
(Comment:Fine for Spanish landholders, but how many foreigners will have held their property for 25years?-Certainly a much smaller percentage. CVS)
Esteban Gonzalez Pons, the Conseller for the Territory, yesterday proposed an alteration to the Land Laws that are currently being prepared bythe Madrid Government in order to stabilize the division of profits that could generate any requalification of land amongst the affected owners. In this way, the Valencian Government is proposing that the profits generated by the sale of land be divided amongst those who have owned it for twenty-five years or more. According to the Conseller, in this way, it would be possible to do away with speculation and the price rises that homes in Spanish cities undergo. Mr. Gonzalez Pons added: "If the central government is not prepared to do this, then we are prepared to enact a law in this regard for the Valencian Community."
(Comment:Fine for Spanish landholders, but how many foreigners will have held their property for 25years?-Certainly a much smaller percentage. CVS)
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