December 20, 2007 at 7:08 am #53526
Looks like a big building boom is planned for Valencia Region.
“Councillor García Antón is now ready to give the green light for up to 160 development plans in the Valencia region which have been on hold for the last two years.
Many of the schemes are resorts aimed at northern European buyers and a total of 65 new golf courses could be built in the next eight years as part of the scheme.”
http://costalevantenews.es/news/front.htm for full article
Have the market problems not hit there? This doesn’t make sense to me. My impression was Valencia Region scared off a lot of people with LRAU/LUV abuses. Are they going to embark on more of the same?
Scratching my head . . .
December 20, 2007 at 9:41 am #76682InezParticipant
Maybe they are going to be built on all the land they nicked!!!!!!!!!!!!!! 😯
December 20, 2007 at 10:49 am #76684
Welcome to Spain and don’t even bother to scratch your head. The normal reasoning/logic applied in the Anglo Saxon world does not apply.
Do you honestly believe that reasoning/logic was applied, Spain would have found itself in the position that it has e.g, building more than France Italy & UK together, building whole complexes without planning, lawyers taking backhanders thus undermining their own profession and the integrity of the countries legal system.,
December 20, 2007 at 6:05 pm #76693
This situation is even more crazy than just the lack of buyers. One of the proposed developments of 5000 properties in Altea is to be built on the “dry river bed”. We had terrible flooding in October and a plan is allegedly being formulated to make sure river beds etc are clear should this happen again. This was printed in local newspapers only a week before this latest news on giving approval for massive new developments!
There is NO logic, as I write this post Calpe is still trying to clean up from the flooding and replace a large amount of the lost seafront and beach! ❓
December 20, 2007 at 7:43 pm #76704
Anyone buying there must be off there trolley
All that land grabbing will now come back to haunt them as they try to sell there new developments. Certain goverments made policies to keep the northern Europeans out but it becomes a bit different when you then realise you need there inward investment and income.
December 20, 2007 at 7:58 pm #76710
Have not been to Costa Blanca since the 80’s, remember “Altea” as a quaint little place with so much character. Its a pity they have/are destroying it.
December 21, 2007 at 2:28 am #76724
The Costa Azahar is just as nice as Mark has said, and a lot of big building will be happening there to ruin it. Is it just a chain of payoffs and kickbacks that fuels this kind of behavior? Do they even suffer financially at all if no one buys their concrete bunkers? How do banks lend them the money for these projects in the current climate?
Sorry about all the questions. I’m just baffled.
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