Builder of Puerto Banus goes into administration

Spanish Property Insight Forums Spanish Property Forums Real Estate Topics, News & Discussion​ Builder of Puerto Banus goes into administration

This topic contains 2 replies, has 3 voices, and was last updated by  Anonymous 7 years, 3 months ago.

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  • #56531


    Inmobiliaria Juban, the company that built Puerto Banus, El Valle de los Caidos, and a lot of new housing around Madrid in the ’50s and ’60s, is reported to have gone into administration.

    They survived the 2 previous house crashes, but not this one.

    Makes you wonder who will be left standing when it’s all over.

  • #107948


    Yes, this one is mother of all. They must have got a pretty strong balance sheet to survive this far, where the might have fallen.

  • #107951


    It will be bigger then the great deppression in terms of waste but since “wealth” is at an all time high level I’m not sure people will figure it out for quite some time.

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