The leading residential firms in the Valencian Developers Association have been warned that British buyers, who currently account for one property sale in three in the Spanish province, have already established a clear link between the land grab controversy that required EU edicts to resolve earlier this year and the forthcoming SIPPs property pensions expected in April 2006, following UK taxation changes.
While strong EU intervention has outlawed land grab planning in Valencia, forcing the provincial government to change the laws and provide compensation, the British public remains wary of buying in some parts of the Costa Blanca, the upcoming Costa Azahar and along Costa Valencia itself where the Americas Cup is being staged.
This was the message brought by UK delegates to the extensive four day Feria Valencia Urbe Desarrollo 2005, at which scores of residential builders staged displays and attended the VIP luncheon of the Valencian Developers Association. Top table guest, Terry Walker of leading online specialists PropertyInSpain.Net said the so-called Valencian land grab activities remained firmly in the minds of many UK buyers and...
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