council of marbella preparing compulsory purchases of land

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    Today I have seem an article about compulsory purchases that are being preparing by the new council of Marbella.

    In theory they will try to restore bad things done before purchasing land to generate green spaces. But as the article states they will do compulsory purchases (“expropiaciones”) of land bought by investors so the price can be 30 euros per square meter instead the 800 euros per square meter that an investor paid to buy a property there.

    http://www.eleconomista.es/economia/noticias/262353/01/70/Marbella-fuerza-la-expropiacion-de-suelo-urbanizable-a-miles-de-inversores.html

    I suggest everyone with interests in Marbella to investigate the issue. I am sure a lot of bad agents will try to sell this land with black money to people who dont know nothing about this issue.

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