Thursday, November 02, 2006
The Marbella construction scandal
A family friend recently returned from a holiday in Spain and happened to mention the remarkable number of new houses she'd noticed which were under construction in some of the more popular tourist and expat locations. Perhaps somewhat cynically I said something along the lines of "I hope they're still standing next year" and it transpired that she was unaware of the utterly shameful construction scandal which has recently hit certain Spanish resorts. I Googled it when we got home and found that one of the best overviews of the whole sorry affair can be found here (on the "World Socialist Web Site" of all places). Anyone considering purchasing property abroad should spend some time following the story of those expats who may now have lost their entire life savings to be left with nothing, it makes disturbing reading.
Posted by Jamie at 12:10 PM