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Posted by Admin on 08/04/2026
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Planning and legal framework

  1. Verify the status of planning: valid plan / plan in preparation / plan soon to expire.

  2. Identify deadlines for the local authority to adopt a new plan and the risk of a “gap period” without clear rules.

  3. Check whether the project can be processed under a special regime outside the regular spatial plan (e.g. project of special interest).

  4. Analyse the project’s compliance with higher‑level plans (national, regional, local).

B. Local authority vs. central state

  1. Map which decisions belong to the municipality/city and which may be taken over by the state.

  2. Assess the political willingness of the local authority to support the project (public opinion, election cycle, council position).

  3. Anticipate conflict risk between state decisions and the stance of the local community (protests, lawsuits, media pressure).

C. Investor‑driven urbanism and public facilities

  1. Determine whether the project is an isolated “investor island” or integrated with a clear network of public facilities (roads, parks, schools).

  2. Check if the local authority has realistic capacity to plan and finance the required public infrastructure in parallel.

  3. Assess whether neighbouring owners have grounds to challenge permits (access, noise, loss of views, etc.).

D. Social and environmental risks

  1. Identify location sensitivity (coastal zone, protected heritage, agricultural/forest land, Natura or similar areas).

  2. Check potential conflicts with environmental and heritage‑protection regimes.

  3. Evaluate reputational risk: could the project be seen as “selling off the territory” or over‑touristification/apartmentisation.

E. Operational and financial risks

  1. Build scenarios into the model: fast permit / delay due to plan change / administrative dispute.

  2. Check lenders’ appetite for increased legal risk (extra due diligence, higher DSCR, longer grace period).

  3. Use contracts (sale, PPP, financing) to allocate what happens if rules change mid‑process (long‑stop dates, termination, price adjustment).

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