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property corralejo developments

New property developments Corralejo
Saw this poster today, 48 chalets at Tamaragua and 70 Viviendas de Proteccion Oficial. Not quite sure what the latter are or where they are planned for. Anyone go to the meeting or know more about these?

[Image: FtQfitV.jpg]
Living my dream
1 user says Thank You to TamaraEnLaPlaya for this post
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I know people will say it is Spain, I still can't understand why they allow all these new developments rather than force the completion of all the empty shells that are blots on the landscape  Angry Angry
John T - Dreaming of A Hole In One  Smile
3 users say Thank You to windermeregolfer for this post
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I'm with you John. There should be something the council/government can do to make the owners/banks to finish it or knock it down.
I Heart Fuerteventura
1 user says Thank You to Sam for this post
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I agree but since it’s mostly the banks that own them, what CAN be done !! Compulsory purchase or sell at “actual” value not market value.
A few years ago there were myriad “ghost” estates in Ireland. Same situation but the debt was taken up by a government body instead of the banks (although maybe connected to them, not sure on that).
These were auctioned off to the general public. There were young families camped at the wire gates in a lot of cases waiting for the auctions. Some people got an almost finished property, might need a kitchen or bathroom & decorated for anything from 2000€ to 10,000€ 
That was the right way to play it !!! IMO
1 user says Thank You to Spitfire58 for this post
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I guess the local government can come up with some kind of "special" tax to the commercial properties that aren't finished let's say in 5 years time. Just to push the banks to get rid of the properties.
I Heart Fuerteventura
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