If you think the British property market is in a mess, then a quick trip to Spain will put things in perspective (if you can still find a cheap flight).
Property prices have fallen by a crushing 35% over the past 12 months, four times faster than in the UK, and haven’t stopped plunging yet. This […]

Ghost Towns’ Appear in Spain as Decade-Long Housing Boom Ends
2007-06-05 18:16 (New York)
By Sharon Smyth and Ricard Alonso
June 6 (Bloomberg) — Javier Usua and Ruth Graneda never got
out of the car when they visited Sanchinarro and Las Tablas, two
of Madrid’s biggest new suburban developments. The concrete-block
buildings and empty streets were all they needed to see.
“We […]

A Spanish property developer is giving away two homes for the price of one in a bid to find takers on the collapsed market.
With up to 24,000 new or nearly built homes empty along the Costa del Sol, according to El Pais newspaper, the developer is giving away a one bedroom apartment with every 780,000 […]