Today the starring star is the spanish property developer Llanera. We have know throught the press that this property developer that has grown in a spectacular way in this years is near bankrupt.
– They cant pay 400 suppliers and are trying to fire employeess:
Llanera is one of the biggest property developers of the country so we can imagine the troubles in which the smallest developers are right now in the actual situation.
The good side of all of this is that some bargais will be available.
Smaller companies can be better managed and they should be lean & mean to survive which ever feild they are in. Due to financial, technical and staff constraints they dont get involved in overtrading.
It talks also about the suppliers that have joined to claim for his money and also a bit about Llanera.
A big property developer aimed a medium class britishs with more media that real facts.
At the end of the article it mention the future development in Caravaca de la Cruz (Murcia) that is in risk of converting in a casttle in the air.
Conclusion:
Buying an off plan property in Spain nowadays is a very risky action and if you want to buy best to buy one that is totally completed so the risk will be almost null. (Only the probably drop in prices, but when you buy a house to live probably you dont mind if its price will drop, or not?)