Spain's lower house has passed a bill aimed at curbing property speculation as well as increasing transparency and sustainability in the housing sector. The legislation, which still needs to be approved by the senate, is expected to come into force by July 1, 2007. The bill was backed by all political parties except for the conservative opposition party PP, which was fiercely opposed.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
