Members of the European Parliament (MEPs) have condemned unnecessary residential development schemes in Spain, particularly in Madrid and on the coast. The MEPs said some of these residential projects have 'no relation to the genuine needs of towns and villages,' go against 'environmental sustainability' and have a 'disastrous effect on the cultural and historic identity' of the locations. Spanish builders constructed 750,000 houses and apartments last year - more than France and Germany combined - while annual demand came to 60% of supply, according to the finance ministry.
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