There are abandoned developments all over my area in Spain from 2008. Now with brexit they're being joined by abandoned houses and apartments left by returning brits. The banks only want them back if all the debts are paid because the debt follows the house, so if you buy a house with debt on it, you have to pay the debt..
I'm sick and tired of listening to flamenco in every documentary or news about Spain. It is a cliché of extreme intellectual laziness. What about playing "La Cucaracha" for news about Mexico or "God save the Queen" in every documentary about the UK?
It's amazing how shitty the situation is. Hold tough Spain! Holy crap Richard Quest is annoying. He's cringe worthy to a degree almost exceeding the financial crisis itself...
Sevilla, Córdoba ,Segovia Bcn ,León ,Zaragoza, Gerona, Tarragona , etc etc, tienen más de 2000 años y están ahí, bien hermosas. El Boom, no es nada, es Nathing.
When you have free money given by other people (Northern EU countries) to burocratics in Spain who are incompetent which is the norm for this part of the world, you get this, I have traveled the length and breadth of Spain and seen whole towns empty, industrial estates not used even an airport 90% built not used, roads that go nowhere. They don't call Spain one of the PIGS (Portugal, Italy,Greece and Spain) Nations in the EU for nothing.
The properties have no infrastructure, no water, electricity, sanitation, or even street lights, many don't have roads adopted for access, you wouldn't want to make your home in such a place.
I’m sure houses are expensive. They could sell to a private company to take over but they won’t accept the price. They have to take a loss but don’t want to. The houses migtht be sold for half the building cost.
crazy!! they build empty modern towns when not needed. on the other hand African countries arebhardly biluding enough, how I wish that town could be relocated to Nigeria for example, they will make a killing. serious housing shortage in Nigeria.
Not much to understand really. They are unoccupied, many are incomplete constructions or have no street services like lighting etc. They are often built away from the nearest town and so have no public transport links. The police don't bother to patrol unless an incident is reported. Unfortunately, some of those people who gain access to these properties choose to rip out any valuable materials to sell to make money, while others use them for temporary shelter. I live in Spain and I've seen these things for myself. This doesn't just apply to mainland Spain, but you'll also find it on some of the Canary Islands too. Contractors obtained huge subsides and upfront payments (crazy!), but they couldn't "cash in" until the main structure was built. As a result, many did just that and then convienently disappeared without completion. The laws enabled constructors to get away with it. Town halls were powerless to stop this and don't have the resources or legal framework to reprocess the properties and provide much needed affordable housing. The banks sit on the loans and mortgages and the whole country runs on massive debt (over 100% of GDP). This has been going on for decades and the EU keeps pouring money in. When that stops, there will be lots of crying and shouting and possibly worse.
Spain is a very beautiful country.. I want to see the " La Sagrada Family "in Spain.. But i am Bangladeshi.. I need tourist visa to visit Spain.. Please give me a visa..
Is there something about the Spanish language which destroys a human's ability to properly run a country? Regardless of natural resources, it seems that nearly every Spanish speaking country is a corrupt economic mess.
Everyone in spain is given a fair chance, everyone is given schooling, healthcare and support financially, those who work hard and make their own money have the right to live their lives in wealth and prosperity, it's a right to keep what you have earned without it being taken by the state and given to others
There are abandoned developments all over my area in Spain from 2008. Now with brexit they're being joined by abandoned houses and apartments left by returning brits. The banks only want them back if all the debts are paid because the debt follows the house, so if you buy a house with debt on it, you have to pay the debt..
That’s correct!
Debt is tied to the house
I'm sick and tired of listening to flamenco in every documentary or news about Spain. It is a cliché of extreme intellectual laziness. What about playing "La Cucaracha" for news about Mexico or "God save the Queen" in every documentary about the UK?
Right on.. :)
@@gav240z true, but it sells and its good for brainwashing mantra and introduction to other bs like it
In the US a lot of reports about Mexico do have cheap music in the background. 😖
shoulda played some Spainish doom metal
Kilgore Trout it fits though
Well that mayor is one of the smartest politicians I've listened to. You can't spend what you don't have. Just like in a family. So sensible.
It's amazing how shitty the situation is. Hold tough Spain! Holy crap Richard Quest is annoying. He's cringe worthy to a degree almost exceeding the financial crisis itself...
OMG that anchor's voice is grating.
Sevilla, Córdoba ,Segovia Bcn ,León ,Zaragoza, Gerona, Tarragona , etc etc, tienen más de 2000 años y están ahí, bien hermosas.
El Boom, no es nada, es Nathing.
That's because they keep buildings more . And all the ones built that went bust just will sit there forever and there's lots
When you have free money given by other people (Northern EU countries) to burocratics in Spain who are incompetent which is the norm for this part of the world, you get this, I have traveled the length and breadth of Spain and seen whole towns empty, industrial estates not used even an airport 90% built not used, roads that go nowhere. They don't call Spain one of the PIGS (Portugal, Italy,Greece and Spain) Nations in the EU for nothing.
Hmm interesting but yes that reporter was terrible.. come on CNN..
Housing scam was and is much worse in the USA at UK but of course crickets are heard there instead of this annoying guy and his investigative voice.
Yup
Probably more than that are empty in the USA or UK
UK have empty houses especially when they are abandoned
it is much worse then in this clip!!!!
Sell them cheap to foreigners. I would buy one.
The properties have no infrastructure, no water, electricity, sanitation, or even street lights, many don't have roads adopted for access, you wouldn't want to make your home in such a place.
@@nicolajohnson1887 😭😭
Spain is the land of dreams
Greed? wtf you on about? They were spending it on the people, Aiming to improve the country for everyone... How is that greed?
It is for the Spainsh elite (rich politicians, expats AMD rich bussinessman
Richard Quest is one irritating person ... how did he get on CNN? Hes not enjoyable to watch atall
He's better then anyone on the right wing media
Jesus Christ that man is irritating.
We have this in America to. Florida . Stockton ca.
I’m sure houses are expensive. They could sell to a private company to take over but they won’t accept the price. They have to take a loss but don’t want to. The houses migtht be sold for half the building cost.
rawstarmusic that is so true . Spains inner corruption got them here . I spent a year there its a mess
so, the water treatment plant, what is the cost? 12 millions? or 400 thousand?
contact greece they got plenty of people wanting somewhere to live
Many spanish people sleeping outside, because they not have money for so expensive apartments.
And? If u don't know any spanish sleeping outside it doesn't mean that any one does.
Inko Ranki did you mean homeless?
Inko Ranki let us Ben eat cake 🍰.
This popped up in my recommended feed in 2021... any follow-ups to this 8+year old story?
crazy!! they build empty modern towns when not needed. on the other hand African countries arebhardly biluding enough, how I wish that town could be relocated to Nigeria for example, they will make a killing. serious housing shortage in Nigeria.
Move the Nigerians there...
Location location location.
the greed for money
I could move there
Can someone give me a good explanation regarding the homes and apartments being vandalized in Spain?
Not much to understand really. They are unoccupied, many are incomplete constructions or have no street services like lighting etc. They are often built away from the nearest town and so have no public transport links. The police don't bother to patrol unless an incident is reported.
Unfortunately, some of those people who gain access to these properties choose to rip out any valuable materials to sell to make money, while others use them for temporary shelter. I live in Spain and I've seen these things for myself. This doesn't just apply to mainland Spain, but you'll also find it on some of the Canary Islands too.
Contractors obtained huge subsides and upfront payments (crazy!), but they couldn't "cash in" until the main structure was built. As a result, many did just that and then convienently disappeared without completion. The laws enabled constructors to get away with it. Town halls were powerless to stop this and don't have the resources or legal framework to reprocess the properties and provide much needed affordable housing. The banks sit on the loans and mortgages and the whole country runs on massive debt (over 100% of GDP). This has been going on for decades and the EU keeps pouring money in. When that stops, there will be lots of crying and shouting and possibly worse.
Thank less wages
UK listen up: BREXIT
Spain is a very beautiful country.. I want to see the " La Sagrada Family "in Spain.. But i am Bangladeshi.. I need tourist visa to visit Spain.. Please give me a visa..
Line to visit as a tourist
you need population..
They have it they jsut cant afford to pay for housing that is too expensive so they stay home with their parents.
Send Latin American here !
i had to look for a house for spain for 1 year
Lots of brits had to leave their houses they bought and come back to britain penniless so what the real issue here
He'd be OK on BBC Breakfast TV.
Si no hacen niños...quien va a vivir en esas casas?
White thing 🤔🤔
They could sell it.. Yry gey all espanoles ppl around the World thats planning to retired n gove good deal
20% much more.....Abril 2019 romanic calender.
R they ones built without permission and sold to brits..
Is there something about the Spanish language which destroys a human's ability to properly run a country? Regardless of natural resources, it seems that nearly every Spanish speaking country is a corrupt economic mess.
Lol
We have migrants here that need somewhere to live we have a big shortage of housing so can we post them on to you...
Or we can post Annie may to Spain but only in the winter time when it's cold
That mayor is cute
Capitalism. Only the ones with money should survive.
Everyone in spain is given a fair chance, everyone is given schooling, healthcare and support financially, those who work hard and make their own money have the right to live their lives in wealth and prosperity, it's a right to keep what you have earned without it being taken by the state and given to others
They build to much homes but at least no one can afford it