A healthy dollop of commonsense would help their “business model” no end.
You’re right, of course you are. My pal doesn’t want my opinion anyway; he’s more clued up than I am. He won’t touch the deal because the planning permission includes a proviso for at least 25% ‘social’ housing, which will seriously reduce the earning capacity of any developer.
On top of that, despite severe unemployment in Spain, the qualified craftsmen from Eastern Europe and Northern Africa have all gone home and local builders are not available in sufficient numbers for such a project.
However, if all entrepreneurs strictly applied a safety-only approach, Sir Richard Branson would still be flogging records from a market stall and Sir Philip Green would be living in Wood Green rather than Monaco.