The speculation behind Spain’s property boom

Article Date : 10 July 2008
News Section: Spain

A recent article in the Spanish daily ‘El Pais’ illustrates the excesses of Spain’s recent property boom. Using the example of Seseña, a massive new urbanisation of 13,500 apartments in the province of Toledo (Castilla-La Mancha) south of Madrid, the article shows that much of Spain’s recent property boom has been driven by speculation. The developer of...

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