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"Between 2003 and 2006, the number of apartments and villas in Spain was ca.1.2 million higher than the potential demand.
Diagnosis by Spanish economists: real estate tumor - abnormal, uncontrolled growth.
In recent years, there was a great change along the Costa del Sol.
At the beginning of 2009 nearly 1 million new apartments and houses could not be sold. the total number of unsold old and new residences reached 2 million.
In June 2009, the construction for new places was still ongoing. "/ Melanie Boehm
Diagnosis by Spanish economists: real estate tumor - abnormal, uncontrolled growth.
In recent years, there was a great change along the Costa del Sol.
At the beginning of 2009 nearly 1 million new apartments and houses could not be sold. the total number of unsold old and new residences reached 2 million.
In June 2009, the construction for new places was still ongoing. "/ Melanie Boehm
Hochschule für Künste im Sozialen (HKS)
Große Straße 107
D-28870 Ottersberg
Tel.: +49 4205 - 39 49 0
Fax: +49 4205 - 39 49 79
info@hks-ottersberg.de
www.hks-ottersberg.de
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