New proposed Spanish land laws could see average residential property prices in the country rise by as much as 10%, according to Spanish property developers.

The Spanish Government intends to introduce new legislation that proposes that developers submit between 15-20% of land which has been classified for urban use. The Government believes that this will help to reduce Spanish property prices. But the Association of Spanish Property Developers (APCE) believes that the new land law will have the opposite effect, as the additional financial costs will simply be passed onto buyers.