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Coastal Protection Law

This law wants to reclaim coastal land and to demolish properties which have been built within a hundred metres of the shoreline.

Property owners are given 30 years and possibly an extension of another 30 years to vacate their property before it is expropriated and demolished .

These property owners are now threatening the government with non -payment of their mortgages until they find a solution to the problem .

The hope is that then the banks and credit companies will also pressurise the government .

By not paying their mortgages they could lose their homes , but their argument is that they are going to lose it anyway .

In the Valencian region alone more than 50,000 people could stop paying , a figure which hits 500,000 nationwide.

This is a situation which is not going to go away and it is not just an idle threat says the president of the national platform of coastal law victims .

Spanish Coastal Properties

Costa del Sol Properties for sale

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