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Old 28-11-2005, 06:37 PM
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Default Re: Foreign buyers under scrutiny

Quote:
Personally, I think it's good that NZ is restricting foreign property ownership. Don't know a lot about the details, but I am cautious about "selling the farm" to folks who may not have the country's best interests in mind.
True. We?ve seen this in Spain where the countryside, in places, is now blanketed with new developments. They are a blot on the landscape. Smaller developments are attractive, but some are really huge and still growing. It?s all about money, rather than maintaining the beauty of the countryside. As it is, it?s the Spanish developers who are doing this, although it?s the expats who are buying the places and encouraging further development.

Aside from the vast developments, there are acres of ?plastic? where growers have their tomatoes etc. under sheets of white plastic, as far as the eye can see. Spain obviously isn?t that bothered about maintaining standards where the state of its countryside is concerned.
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