Brussels have issued their second ultimatum to Spain over the so-called ‘land grab’ law. The law, which was introduced in 1994, allows developers to compulsorily purchase homes and re-designate for rural land for urban development.
The law was initially introduced to prevent developers from holding on rural land until the price appreciated. However, local Spanish property owners, most notably in Valencia, claim that the law is being manipulated by developers who influence local authorities to reclassify rural land as urban.
The European Union says that it will take Spain to the European Court of Justice if does not amend the law within two months.