This is how the debt breaks down

This topic contains 1 reply, has 2 voices, and was last updated by Profile photo of peterhun peterhun 7 years, 1 month ago.

  • Author
  • #55648
    Profile photo of Anonymous

    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

    A lot of explanation about this here, he explains why the debt is such a problem. … nd-or.html

You must be logged in to reply to this topic.