your guide to buying property in Spain

20th January 2005 EU Takes Increasing Interest In Valencia Land Grab Abuse The controversial LRUA "land grab" law in the Valencia region of Spain has seen thousands of people - many from the UK and other parts of Europe but also Spaniards - lose their homes and land to developers who use loopholes in the law to do this with little or no compensation being paid. An amended version of LRAU called LUV seeks to prevent further abuses, but opponents of LRUA say it offers little extra protection. It may take European Union intervention to prevent further abuses. Read EU Takes Increasing Interest In Valencia Land Grab Abuse here.

place in the sun Your Guide To Buying Property In Valencia © Place In The Sun 2005. All rights reserved. www.placeinthesun.co.uk The Place In The Sun website seeks to inform, educate and entertain those seeking to buy a property overseas, either as a holiday home or for permanent living. We take great care to ensure that the information provided is accurate and timely, but please bear in mind that things can change very quickly in property markets and that you are strongly advised to use the same diligence you would when buying property in the UK. Always seek independent legal and financial advice before signing any contractual agreement.