March 18, 2010 at 10:34 am #55487
Just been reading that one of the developments to be legalised in Marbella built 220 homes when permission was only for 20! Locals are asking why was it marked out for legalisation when none have been sold!
Another item is that Marbella has conceded some land to Benahavis ayuntamiento which borders the two towns. The land has/had permission to build 20 homes, now it belongs to Benahavis it will have permission for cerca 80. The developer to gain from this…..none other than a company in which the Marbella Mayoress and her family own. 🙄
Meanwhile under the new town plan there is permission to build on the last remaining natural sand dunes despite many protests from green organisations etc.
March 18, 2010 at 11:38 am #97540
Is Banana Beach still under threat.
March 18, 2010 at 11:52 am #97542
Yes, not sure what will happen there. I thought it would eventually be legalised as a lot of Spanish have bought there (they look after their own 😉 ). However, there are other plans for that area with powerful interests! The Industrial estate close to the development is also being relocated.
Many years ago we did think of buying an investment property in Banana beach as the prices seemed low…lucky escape 🙄 😆
March 18, 2010 at 8:28 pm #97553
so with the new pgou approved in marbella are things any different, is the market in marbella moving now banks will lend on legalised properties.
March 19, 2010 at 12:00 pm #97564
Isn’t the current situation regarding dubious approvals to build on protected/rural land or the continual corruption thats see approval for building to be build where they shouldn’t be, rather irrelevant today.
I can’t see how any sane developer would pursue building in this climate. Also I can’t see how any sane prospective purchaser would buy off plan.
This crisis has a lot further to go and I feel Spain is going to be suffering for at last 5 or more years.
I agree that approval should not be given, but are developers seriously starting construction of new projects! To me it would seem financial sucide as the internal and external demand if going to take decades to reach the level seen in the mid 2000’s.
March 19, 2010 at 12:57 pm #97565
Yes you are correct. What they usually do (and have done in the case of the sand dunes in Las Chapas), is stake their claim by getting in the bulldozers, turn over the land, kill trees and plants, then fence it off. Maybe put a sales hut there, staffed at peak periods and hope that a few are daft enough to part with their 30% 🙄 They may not start building for years but have already ruined the landscape built or not!
March 19, 2010 at 5:06 pm #97569
You could have ‘slipped up’ on that one katy, lucky escape! 8)
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