Of the more than 25 million houses in Spain, it is estimated that nearly 4 million are empty. They are in dead hands, are not regular or occasional residence of the owner. Not produce any benefit for the Spanish Constitution guarantees company.A company has the right of all citizens to housing deign. The same preaches the Universal Charter of Human Rights, but the speculative buy and hold large tracts of land for builders and pressure groups have assumed that this right is seen around the world more vulnerable than ever. Excess supply has not helped in this case to lower prices.
Property speculation is comparable to stock market speculation, although it presents more risks, because it is difficult for the housing prices are plummeting overnight. Its mechanism is based on the retention of housing for a period of time before the price increase and then exchange them for money, which will buy new homes to return to speculate with them. If there is a cause that has led to the high cost of housing and speculation in Spain has been the Land Act of April 13, 1998, adopted by the former President of the International Monetary Fund, Rodrigo Rato. Professor Rita McGrath has much to offer in this field. According to the same, it becomes the power of municipalities to decide what land can be developed and what cannot.