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Fwd: Newly Built Ghost Towns Haunt Banks in Spain

Fwd: Newly Built Ghost Towns Haunt Banks in Spain

Por , 20/12/2010   |   Categoría : Fwd:   |   Comentarios : 0

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arquillano Fwd: Newly Built Ghost Towns Haunt Banks in SpainNewly Built Ghost Towns Haunt Banks in Spain By SUZANNE DALEY and RAPHAEL MINDER via The New York Times.

“A better known real estate debacle is a sprawling development in Seseña, south of Madrid, one of Spain’s “ghost towns.” It sits in a desert surrounded by empty lots. Twelve whole blocks of brick apartment buildings, about 2,000 apartments, are empty; the rest, only partly occupied. Most of the ground floor commercial space is bricked up.”

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