It's very sad the state of the Spanish property market and the job losses
which have taken place but no sadder than the hundreds or thousands of
foreigners and Spanish alike who have been deceived and defrauded of the
only money they had left and with which they were hoping to buy a house.
The Spanish property market is known throughout Europe as being corrupt,
dishonest and full of incompetents who describe themselves as being
professionals. The construction industry was so greedy that over the past
ten years, some developers were increasing their prices on a bi weekly
basis - not being able to wait until the end of the month. As I see it, the
industry got what it deserved and the only surprising thing about it was
that it took so long. With virtually every newspaper in Europe knowing the
situation with the purchase of Spanish property it is to be hoped that
never again will the industry be in a position where it can exploit so
many innocent people.
And who knows, if genuine change came about perhaps Spain would start to
fall down the ranks of the world's most dishonest countries where currently
it occupies the 22nd position.
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By h.b. - Jul 3, 2008 - 8:23 AM
• European Union investigating new building in Spain - Sep 27, 2008 - 7:39 PM
• Huelva housing estate being built on mass grave - Sep 18, 2008 - 8:28 AM
Archive Photo EFE
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The real estate slowdown is hitting the Costa Blanca hard.
The construction industry in Alicante is leading the country when it comes to making workers redundant in the property slowdown.
Latest unemployment numbers for last month show that 1,463 construction jobs were lost in Alicante province last month, with nearly 110,000 people in total now on the dole in the province.
Murcia was the second province for more construction redundancies over the month at 1,431 and Valencia came in third with 1,381 according to the data published yesterday by the Ministry for Employment.
422 foreign construction workers lost their jobs in Alicante province last month alone, with union CCOO saying that foreigners now represent 33% of the total unemployed.
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Blink
• European Union investigating new building in Spain - Sep 27, 2008 - 7:39 PM
• Huelva housing estate being built on mass grave - Sep 18, 2008 - 8:28 AM
• Costa del Sol construction halt in two months - Sep 17, 2008 - 8:14 AM
• Foreign construction workers facing redundancy in the Valencia region - Sep 2, 2008 - 7:57 AM
• Spanish media notes BBC reports on the slowdown of Spanish construction and the economy - Aug 31, 2008 - 1:38 PM
• 52,300 new homes to be built in Almería province - Jul 24, 2008 - 8:14 AM
• 31 square metre flats in Málaga - Jul 24, 2008 - 8:10 AM
• Partido Popular says 50,000 irregular homes in Málaga should be made legal - Jul 18, 2008 - 8:05 AM
• Málaga mosque open a year, but the builders have still not been paid - Jul 18, 2008 - 8:00 AM
• Junta de Andalucía suspends Almuñecar urbanisation licence - Jun 20, 2008 - 8:32 AM
Comments
John DeVries
03 Jul 2008, 10:31
03 Jul 2008, 10:31
Rudy Puister
15 Jul 2008, 10:34
15 Jul 2008, 10:34
I have to agree with John.
But it is not only to blame the building industry. Regional, but more important local authorities have been reluctant to keep illegal building practises under control. Fraud and corruption have almost has been the standard in lots of city halls.
And don't forget the buyers. Haven´t all these foreigners not stuck their head in the sand when eagerly buying property under conditions even the most naive should have raised eyebrows on?
Buyers have been all to eager to put their money in an industry know for its fraude cases and low standards.
The whole industry is rotten, no party excluded!
Hopefully the present slow down will bring some good now the ´sellers market´ turns into a ´buyers market´.
But it is not only to blame the building industry. Regional, but more important local authorities have been reluctant to keep illegal building practises under control. Fraud and corruption have almost has been the standard in lots of city halls.
And don't forget the buyers. Haven´t all these foreigners not stuck their head in the sand when eagerly buying property under conditions even the most naive should have raised eyebrows on?
Buyers have been all to eager to put their money in an industry know for its fraude cases and low standards.
The whole industry is rotten, no party excluded!
Hopefully the present slow down will bring some good now the ´sellers market´ turns into a ´buyers market´.
Please keep to the subject. Opinions published here are of our visitors, not the Typically Spanish team. Comments which go against Spanish laws or which are libellous are not allowed. We reserve the right to delete any comment we wish.
Por favor, céntrate en el tema. Son las opiniones de los internautas, y no las de Typically Spanish. No está permitido verter comentarios contrarios a las leyes españolas o injuriantes. Reservado el derecho a eliminar los comentarios que consideremos fuera de tema.
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Por favor, céntrate en el tema. Son las opiniones de los internautas, y no las de Typically Spanish. No está permitido verter comentarios contrarios a las leyes españolas o injuriantes. Reservado el derecho a eliminar los comentarios que consideremos fuera de tema.
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