New property developments Corralejo

[TamaraEnLaPlaya]

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?

[windermeregolfer]

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 

[Spitfire58]

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