Over at Charles Svoboda’s blog for Abusos Urbanísticos No. Its anonymous British lawyer author concludes that
The hope is that the authorities will use [the hiatus caused by the bust] to introduce laws and controls that will respect European norms including the rights to private property, the protection of the environment, public contracts, etc. and to streamline and improve the cumbersome laws and court sytem. That may be too much to hope for but, until progress is made in these directions, the future of the property market will continue to have an overhanging black cloud and a difficult future.
Read the whole thing. It would be interesting to have perspectives from other jurisdictions whose citizens have large investments in Spain. Germany, for example.
(Meanwhile, Charles Butler says we should be reading Ricardo Vergés on bucks & building.)
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