Archive for November 2014

REIGN IN SPAIN IS OVER FOR THOUSANDS OF EXPATS

British expats are finding their dreams of a life of sun and sangria in Spain have been shattered by the Eurozone economic crisis. Tumbling property prices and rising unemployment have gripped the nation, leading to an expat exodus. Official figures from Spain’s town halls show 90,000 British expats sold up and left last year – along with…

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SPANISH PROPERTY: POLARIS GOLF RESORT HOMES CRASH TO A THIRD OF ORIGINAL PRICE

Murcia’s credit-fuelled building spree ends in rash of repossessions, empty villas and roads to nowhere Miles Brignall, in Murcia The Guardian, Friday 25 May 2012 18.20 BST Spain’s building boom once enticed investors hoping to profit from the popularity of the country’s southern regions. Photograph: Miles Brignall They were once Europe‘s most ambitious holiday homes projects, vast…

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MORE THAN HALF A MILLION SPANIARDS TRAPPED IN NEGATIVE EQUITY

More than half a million Spanish families are living in homes worth less than their mortgage, after house prices crashed by 50pc. A study of “bubble mortgages” in Spain by Kelisto.es, a financial products comparison website, finds there were 581,441 mortgages under water in 2013. They forecast the number will rise to 668,940 this year,…

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SPANISH CORRUPTION

A lot of bad apples – A wave of arrests upends the political establishment Nov 8th 2014  | MADRID | From the print edition JOSÉ ANGEL FERNANDEZ VILLA led the biggest miners’ union in northern Asturias. Francisco Granados was a key minister in the Madrid region. Jordi Pujol was president of Catalonia for 23 years. The three men have one…

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