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Probably a better idea of the property situation nationally comes from the people behind Idealista.com (the major Spanish real estate portal).
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Quite a reserved response for the destruction of a once beautiful and historic town.
Building millions of holiday homes along the coast is one thing as one could reasonably expect many within Europe looking for a costal holiday home. But to build millions of properties inland as well!! Where did Spain think all these inland buyers would come from?
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@jp1 wrote:
Quite a reserved response for the destruction of a once beautiful and historic town.
Building millions of holiday homes along the coast is one thing as one could reasonably expect many within Europe looking for a costal holiday home. But to build millions of properties inland as well!! Where did Spain think all these inland buyers would come from?
They didn’t think. Nobody was thinking. And banks would lend to any real-estate project, no matter how crack-pot. Especially in the Valencian Region.
It’s all different now.
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very simple.
“if you built it, they will come”
And we all say it is crazy, no-one would buy them. etc… had the banking crisis never happened (or been delayed) they would have been sold. Looked at some of the complex completed in 2005/6. In the middle of nowhere, yet still seemed to have found buyers (as long as priced correctly).
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