Planning restrictions 'good for investors'

Tuesday February 19th , 2008

Overseas property buyers in countries such as Turkey will benefit from new planning restrictions, experts have stated.

Foreign Property Buyer reported that 14 nations along the Mediterranean coastline were planning to limit the amount of building along the coastline.

The website said nations including France, Italy and Morocco have already pledged to adhere to the new rules, which state that no buildings can be built within 100 metres of the sea.

This will enable Mediterranean countries to preserve the coastline and prevent overdevelopment in these areas.

As a result, the natural environment will be enhanced and made more sustainable, while growing demand could drive up house prices in popular areas.

Foreign Property Buyer commented: "The ban will also allow areas with stunning coastline to remain beautiful and unspoilt."

This comes after the online portal reported that the Italian government is planning to include requirements for low carbon emissions in its building regulations.