No 874 Monday 5th - Sunday 11th July 2021
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PROPERTY LAW REVOKED TO AID BRITISH BUYERS
A submarine undergoing repairs at the Cartagena Naval Base
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from the Ministry of Defence in order to buy property within areas considered to be close to Strategic Defence Points.
As of 2 July Spain no longer requires non-EU buyers to seek a special permit
The announcement was made on Friday by the Alicante Association of Promoters (Provia), which last January denounced the regulations, saying that they could stop at least 800 annual purchases in the Alicante Province alone.
he Ministry of Defence has removed the obligation that foreigners from outside the EU must obtain permission to buy a house in parts of the Vega Baja and Costa Calida, after pressure from developers
A spokesman for the group said it had been made possible thanks to the joint efforts of the General Directorate of Tourism, the Alicante Chamber of Commerce and Alicante Socialist Deputies, who have managed to convince the Ministry of the negative impact that the procedure has had, economically and on the portrayal of the country.
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