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Spain aims to restore overdeveloped coastlines to a more natural look
MADRID, Spain: Spain plans to restore a fifth of its coastline from overdeveloped concrete jungle to a more natural state by enforcing legislation to demolish illegal construction, officials said Monday.
Too much inventory? No problem!
Construction and related industries make up 18 percent of Spain's economy, which has posted 14 straight years of growth.
Fortunately, the deconstruction business can keep that trend alive.
Real Estate Newsletter Articles this Week: Existing-Home Sales Increased to
4.15 million SAAR in November
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At the Calculated Risk Real Estate Newsletter this week:
[image: Existing Home Sales]*Click on graph for larger image.*
• NAR: Existing-Home Sales Increase...
18 hours ago
2 comments:
Lots of the British, Dutch and Germans who have bought property in the sun are going to be told that it was built illegally and is going to be demolished without compensation. That'll do wonders for the North European view of Latin countries.
I'm sure somebody will be writing a book about it. I might suggest:
Hitchhiker's Guide to the Spanish Housing Market
http://en.wikipedia.org/wiki/The_Hitchhiker's_Guide_to_the_Galaxy
...escapes the demolition of Earth by a bureaucratic alien race...
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