More
Marbella homes than previously estimated face demolition with developers
and others protesting against the bulldozing of up to 23,000 occupied
homes. Of
developments investigated, over 3,400 properties have been built
on land that should have been reserved
for green space and
public amenities, Andalucía regional assembly member Luciano
Alonso has revealed. Some 52 developments (involving approximately
2,400 homes), were for construction on green zones and a further
19 (involving 1,052 homes) were for building on land reserved for
roads and the like.
Meanwhile court
cases arising from Marbella’s discredited
planning regime dating back to the administration of its controversial
mayor Jesús Gil y Gill continue to go through the courts.
The latest involves an appeal by Julian Muñoz, a former
Marbella mayor and one time Gill deputy, who with others is challenging
a possible prison sentence and ban on holding public for illegally
granting building permission in 1999 for 150 homes to be build
on green zoned land.
Among the witnesses
called to give evidence to the Málaga
court was the former Marbella planning consultant Juan Antonio
Roca, who is himself currently in jail waiting trail on his alleged
leading role in the latest Marbella planning scandal. Roca faces
charges alleging money laundering, tax evasion, bribery and corruption.
Over 20 others, including the latest mayor of Marbella, Marisol
Yagüe, and her deputy Isabel Garcia Marcos, have also been
charged with offences connected with the alleged fraud.
Roca told the
court he had not been responsible for approving planning applications
when Gil was Mayor and that
the now dead
business tycoon had demanded applications be approved in accordance
with his own revised local development plan. Muñoz had taken
a similar line, blaming Gil but also Roca, saying he merely rubber
stamped their recommendations.
Meanwhile there have been growing protests about the hold put
by the committee appointed to run Marbella on construction projects
that do not comply with the regional planning outline. Developers
and building unions are expecting lay offs as a result of the move.
Record residential property sales have reported by the
Edmonton Real Estate Board. The may total of 2,565 home sales exceeded
the number of new listings, with properties selling in an average
of 20 days - compared with 46 days in May 2005. The average selling
price was £117,800, and that for single family dwellings
was £136,800. Average prices in the Edmonton were up 23
per cent on the year.
Serbia is making moves to make mortgage finance more readily available in the country. The Minister of International Economic Relations,
Milan Parivodic said he would be working with the Foreign Investors
Council to simplify the law.
So far nobody has been refused land registration following a crackdown
on the use of shell companies by overseas investors to acquire
land in Thailand, the head of the Phuket Provincial Land Office
has confirmed. The change, made last month, caused uproar, but
Supot Suwannachote said there was no problem with companies that
had a Thai managing director or joint managing director and the
most that had been done in the case of companies with foreign
shareholders was to make further checks.
The official
said the registry did not wish to see a slowdown in Phuket’s booming property industry and in the case of
companies that were genuinely 51 per cent Thai-owned there was ‘no
problem’.
New rules aimed at curbing foreign speculation in property are
likely in China. It is reported the country’s Securities
for Foreign Exchange Administration has already begun to strengthen
its supervision following an increase in overseas property investment.
In 2005 some £1.8bn was pumped into property.
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