Released on = February 10, 2006, 9:43 am

Press Release Author = Dreams2realty S.L.

Industry = Small Business

Press Release Summary = Fears of further mass development on the Southern coast of
Spain were were laid to rest this week when Valencia announced building permission
will only be given to Spanish property developers if there is sufficient water
supply .



Press Release Body =
FOR IMMEDIATE RELEASE
13/02/2006


Property abroad. Spanish property Restrictions. Is it a benefit for sellers of
private properties?

Fears of further mass development on the Southern coast of Spain were laid to rest
this week when Valencia announced building permission will only be given to Spanish
property developers if there is sufficient water supply .

This latest decision will probably jeopardize a number of development schemes.
However it should be a benefit for many individual Spanish property owners looking
to sell their Spanish resale property. As bad publicity has recently over shadowed
the new development market regarding licence\'s etc, more and more Spanish property
buyers are deciding to take the safe route and buy a completed resale Spanish
property.

This new requirement has been set by the new LUV land law that came into force
this week replacing the controversial LRAU. Under LUV, town halls are obliged to
modify their town plans to approve a new Plan Partial development, a step that must
be sanctioned by Valencia. It also requires a full study of scenic impact,
subsidized housing included in the scheme (if the municipality has more than 10,000
residents) and 10 square metres of green area per resident.

Acceptable development scheme parameters are now set by law, not by the town hall.
Analysts say the LUV has solved some of the problems caused by the LRAU and gives
Spanish property owners more protection and access to more information. There are
still a number of other controversial rules in place and the LUV has not adapted to
EU directives according to the ultimatum given by the European Parliament recently.

This opens the door to judicial action from Brussels regarding the new law.
Many Spanish property developers were quick to react and get in schemes before the
LRAU deadline on Tuesday.

Planning and territories councilor Rafael Blasco surprised everyone on Wednesday by
saying the LUV directives will be applied to these last-minute LRAU projects
although the new law says otherwise.

For an in- depth guide on Spanish properties along the coast of Spain regarding
resale or Off-plan go to http://www.dreams2realty.co.uk

Contact Robert Horwood for more insights into this topic. Direct line:0044(0)845
241 6745 Email: rob@d2rworldwide.com Other helpful information regarding property
abroad can be found at: http://www.d2rworldwide.com.com.



Web Site = http://www.d2rworldwide.com

Contact Details = Robert Horwood||Plaza de los Faroles, san pedro||Marbella ,
29670||$$country||||0034677564890||rob@d2rworldwide.com||http://www.d2rworldwide.com