This is how the debt breaks down

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This topic contains 1 reply, has 2 voices, and was last updated by Profile photo of peterhun peterhun 6 years, 6 months ago.

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  • #55648
    Profile photo of Anonymous
    Anonymous
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    Some of you may know that there is too much debt in the Spanish property sector. Private individuals and developers borrowed too much in invest in property during the boom. Well, this is how the debt breaks down:

    Developers in particular are up to their neck in it. Have to make a lot of sales to pay off their debts.

  • #98824
    Profile photo of peterhun
    peterhun
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    A lot of explanation about this here, he explains why the debt is such a problem.

    http://spaineconomy.blogspot.com/2010/0 … nd-or.html

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