Go to Algeria if you want to build homes says Minister

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This topic contains 16 replies, has 6 voices, and was last updated by Profile photo of Anonymous Anonymous 3 years, 9 months ago.

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  • #57302
    Profile photo of Anonymous
    Anonymous
    Participant

    Pilar Martínez, the Minister for Architecture, Housing and Land, has said that Spanish home-builders should go to Algeria if they want to build new homes, by which she meant don’t expect any help from the Government if you want to build in Spain, where there is an infamous glut of new homes. “One should build where there is a shortage of housing,” she said.

  • #115794
    Profile photo of logan
    logan
    Participant

    Or the UK, there is a huge shortage of residential property. 😆 I like Algeria it’s very French with a Mediterranean coast. Trouble is foreigners risk being kidnapped or shot. Not the best sales pitch.

  • #115796
    Profile photo of angie
    angie
    Spectator

    I visited Algeria years ago logan, when it was relatively safe too. However that all changed some years ago, a town called ‘Blida’ of all names which we went to then, later had extremists visit one night who massacred including cutting the throats of 100 locals one night. Many foreigners were targeted after that, many left or had to have armed guards on trains etc. We have a friend who works in the Foreign Office there now and involved with the oil refinery killings recently.

    Attractive country though, has a ski resort which looks more European, some good wines, interesting but huge Casbah, great coastline. Not sure if it will ever be totally safe, the extremists more or less have carte-blanche to cross borders with Tunisia, Morocco, etc

    Plenty of land for development, but who would risk it? 🙄

  • #115801
    Profile photo of logan
    logan
    Participant

    @angie wrote:

    Plenty of land for development, but who would risk it? 🙄

    Perhaps one for the long term, fifty years perhaps. Too long to make any sense. This minister has lost her marbles. 🙂

  • #115806
    Profile photo of angie
    angie
    Spectator

    Maybe the Minister is getting mixed up with what was known as the Spanish Sahara, and thinks that Spain still owns it, however it was further West than Algeria 🙄

    With the Islamist potential for problems in the region, I would not want a property even in Morocco, if ever an attack was made on any development occupied/owned by Westerners in North Africa, the property values would no doubt plummet. It’s a not impossible scenario one day 🙄

  • #115810
    Profile photo of Anonymous
    Anonymous
    Participant

    @angie wrote:

    Maybe the Minister is getting mixed up with what was known as the Spanish Sahara, and thinks that Spain still owns it, however it was further West than Algeria 🙄

    With the Islamist potential for problems in the region, I would not want a property even in Morocco, if ever an attack was made on any development occupied/owned by Westerners in North Africa, the property values would no doubt plummet. It’s a not impossible scenario one day 🙄

    What about buying a property in Egypt? Quite a few Brits have bought property in Egypt because of the year round fantastic weather and because they don’t have to pay VAT, council tax, high utility bills. I will definitely recommend a balloon trip over the Pyramids at Luxor if you want the adventure of your life. 😆 😆 😆

  • #115814
    Profile photo of logan
    logan
    Participant

    I considered investing in a property in Morocco many summers ago. I wanted one of those wonderful old town houses which were going for a song and needed restoration. Now they cost a small fortune.

    I suppose in the end it was the political situation when Hassan 11 was on the throne which put me off. That and the poverty which was everywhere and made me feel very uncomfortable.

  • #115815
    Profile photo of Anonymous
    Anonymous
    Participant

    This a typical way a Spanish politician operates, as to how they approach their jobs. Ignorant about world affair, racial/relegious sensativities, timing of making a statement, not knowing furthern than what is happening in his/her city/pueblo.

    She, may well tell the Builders that their market is saturated for years to come i.e. if they needed a reminder. Instead of using words like find a new market she gives Algeria as a place to go. With housing minister of this calibre I would not be taking a direction from her.

    The forum users will recall the ex housing minister who was blaming the English for the illegal builds and changing the cuture & hinting that they the English should go back.

  • #115828
    Profile photo of Chopera
    Chopera
    Participant

    Guys I think you should take it easy on this Pilar Martínez. The fact that a Spanish politician has effectively told Spanish builders to “stop bloody building in Spain, we’ve got too many houses as it is!” is music to my ears. The Algerian reference was probably tongue in cheek, or maybe just telling them that they’ve had it easy and from now on they’ve got to go out into the big wide world and get their hands dirty in order to get the work.

  • #115830
    Profile photo of logan
    logan
    Participant

    ‘Take it easy on a Spanish politico’, Chopera, never. 👿

  • #115836
    Profile photo of Anonymous
    Anonymous
    Participant

    @chopera: I do appreciate that her statement may have been taken out of context & may have been made tongue in cheeks.

    However, she is a minister of a area that is in dire state along with ministery of emplyment. I do not think addressing the sector needs to be tongue in cheek. ( even allowing for the Spanish sense of humour/irony) I also dont think she is in a better place to know more about the state of the market than the developers themselves. The developers are well aware of it & also banks are not going to lend to build anything in Spain even if they wish to do so..

    If the Developers need’s to be reminded by a minister that there is a bigger world outside. In this case the developers ignorance of the geo political/economical affairs will concern me.

  • #115854
    Profile photo of angie
    angie
    Spectator

    Perhaps the death of the Al Qaeda militant leader Mokhtar Belmokhtar will now pave the way for mass housing development in Algeria by Spanish Developers to grant the Housing Minister her wish, did she pull the trigger ? 🙄

  • #115855
    Profile photo of Chopera
    Chopera
    Participant

    @logan wrote:

    ‘Take it easy on a Spanish politico’, Chopera, never. 👿

    Even when they’re giving Spanish builders a hard time?

  • #115856
    Profile photo of Chopera
    Chopera
    Participant

    @shakeel wrote:

    @chopera: I do appreciate that her statement may have been taken out of context & may have been made tongue in cheeks.

    However, she is a minister of a area that is in dire state along with minister of emplyment. I do not think addressing the sector needs to be tongue in cheek. ( even allowing for the Spanish sense of humour/irony) I also dont think she is in a better place to know the state of the market than the developers themselves. The developers are well aware of it & also banks are not going to lend.

    If the Developers need’s to be reminded that there is a bigger world outside. It will concern me if they already did not know of this.

    They may be aware of the bigger world outside but their basic instinct will still be to bribe the local council. Like the Monty Python dead parrot sketch, I bet there are a few developers out there who think the sector is “just resting” when it is patently dead!

  • #115858
    Profile photo of Anonymous
    Anonymous
    Participant

    @chopera; The sector is having a very,very long siesta.

  • #115859
    Profile photo of Anonymous
    Anonymous
    Participant

    The Spanish build quality is notorious for being total garbage and I was wondering would these same Spanish property developers build the same kind of over-priced poorly-built rubbish in other countries just the same way as they did in Spain?

  • #115873
    Profile photo of Anonymous
    Anonymous
    Participant

    Yes, they will. As they have a very short term view and to maximise their profit’s by hook or crook. They dont beleive in establishing a good reputation and to see the buyer today will have off spring who will also buy from them in future and in the mean time their own off spring will walk into a job with pride and carry the name and heritage of the family/product.

    One just have to see the quality of properties Fadesa built in Warsaw.

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