Insanity of the Spanish real estate boom

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    Profile photo of Mark Stücklin
    Mark Stücklin
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    During the boom years Spain was carried away on a speculative frenzy that enriched a few and impoverished many. The Spanish journalist Lluís Pellicer, who writes for El Pais, has written a book chronicling the worst excess of the boom. It’s called ‘El Vicio del Ladrillo’ I’m not sure how you would translate it, something like ‘The Real Estate Vice’. It’s a depressing story. Here is an extract in Spanish dealing the Astroc and Enrique Bañuelos – the poster child of the boom.

    http://economia.elpais.com/economia/2014/09/19/actualidad/1411126271_471773.html

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