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Real Estate News Releases
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(EMAILWIRE.COM, May 16, 2009 ) Spain - Picture this: you spend your life savings on a dream home in Spain, possibly moving to the country permanently for a better lifestyle or retirement and then you receive the news that your property is to be demolished, leaving you with no home and possibly no compensation either – this is what has happened to thousands of homeowners along Spain’s coastline thanks to a highly controversial ‘Coast Law,’ and it is set to continue…
The Ley de Costas’ or ‘Coast Law’ is to be enforced nationwide and could mean that thousands of properties in Spain could be confiscated or or even demolished by the state as they are ‘rezoned.’
The law, which was introduced eleven years ago, forbids anyone to build privately owned property within 100 metres of the sea, as beaches are now considered to be nationalised public property.
Britons with property in Spain near the Costas are among those most at risk from the £3.5 billion campaign by the environment ministry to restore and protect coastal areas from over-development.
There are scores of these beach properties all along the coastline with an estimated 20,000 such homes in Marbella alone.
What is most shocking is that even homes constructed entirely legally decades ago are being targeted for confiscation and possibly demolition.
Angry protesters say the Environment Ministry is acting illegally by retroactively applying the Coastal Law of 1988 to properties built perfectly legally in the 1970Â’s.
Many of the people who own homes along the coastline are foreigners using the property as a holiday home. It is estimated that these new ‘rezonings’ could affect as many as 500,000 people, of whom around 100,000 are foreigners.
As TheMoveChannel.com’s story of April 22nd recounted, the British couple who became the first expats to have their villa destroyed, are to receive compensation to the tune of £570,000.
The Spanish Supreme Court ruled that the demolition order for the property in Almeria was in itself illegal because the correct procedures were not followed, denying the Priors their right to appeal against the ruling to demolish their home.
But, despite their court victory, the Priors are still yet to see any of the compensation and have been living in their garage since January last year when their villa was bulldozed.
Hardly the golden retirement they had in mind.
For more information on Spanish properties and the property market in general, please visit http://spain.themovechannel.com/
-ENDS-
Notes to editors:
TheMoveChannel.com is a property website that was founded in 1999 as an online resource for buying, selling and learning about property. It now receives as many as 300,000 visits per month and advertises over 50,000 properties in nearly 90 countries, which are listed by over 500 partner organisations.
For further information, please contact:
Dan Johnson
Managing Director
www.themovechannel.com
0207 952 7650
TheMoveChannel.com
Dan Johnson
020 7952 7650
dj@themovechannel.com 
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