Spanish coast drowned in cement at fastest rate ever during boom
p>Spain’s beautiful coastline – arguably the country’s main tourist asset – disappeared under cement at the fastest rate ever during the credit-fuelled property boom of recent years, now turned to bust.
Real estate agents decimated by Spanish property crash
Of the 80,000 real estate agents operating in Spain in the summer of 2006 just 25,000 are still in business, according to an article today in the Spanish daily La Vanguardia. That means that 70% of estate agents have closed in the property crash, destroying 180,000 jobs in the process.
Too Close to the Edge (Ley de Costas or Spanish Coastal Law)
“Our world just fell apart,” says Heather Taylor, describing how she and her husband Jeremy felt in October, when they discovered their recently-purchased home by the beach in Spain would never belong to them. “We put all our retirement savings into this, and now are devastated.”
A good time to build your own villa in Spain?
With Spain going through a sever real estate bust, and the residential construction sector in the eye of the storm, you could be forgiven for thinking that now might be a great time to build your own villa in Spain, taking advantage of plunging material, labour, and land costs.
Demolishing Club Med in Cadaques will cost 7 million Euros
5 years after closing down, and a year and a half late thanks to bureaucratic delays, the Club Med complex in Cadaques will finally be demolished, at a cost of 7 million Euros.
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