A new Land Act came into effect on 1st July 2007 replacing the old Land System and Valuation act 6/1998. There is an interesting article about the new Land Act on Mondaq.com , the article says that the new act purpose are:

Preserve landscape and environmental character
Curb property speculation and rising house prices
Stop excessive development

This is indeed good news they are at least 6 noteworthy novelty :

1 – Rights of all citizens are specifically regulated

2 – A requirement that 30 % of new residential land be set aside publicly protected housing

3 – All planning instruments and agreements must undergo a public information procedure before being approved.

4 – Change in the zoning of land

5 – Expectations not to be applied in the valuation of land.

6 – A requirement that new developments allocate to the public stock of land a percentage ranging between 5% and 15% of the land

More details on Mondaq

Technorati Tags: , , ,