The story of our adventure in Spain



In October 2002 we purchased a holiday flat in Guardamar on Spain's Costa Blanca - not far from Alicante and Torrevieja and we try to spend a good part of the year in Spain.

This blog hopefully will contain our thoughts and impressions of Spain - the good and the bad and lots and lots of photographs of not only Guardamar but the rest of Spain as we eventually get to explore it.

.

Friday, 12 September 2008

Spain - The Crisis



Well unemployment has now reached 2.5 million in Spain and much of it is in the construction industry. This picture of an empty building site for sale in Guardamar has become quite normal.

I doubt very much if they will obtain a quick sale ..

It is quite noticeable as you walk around the town that many estate agents have closed down and very little property is now selling .






There is much talk on the Spanish TV about the current "Crisis" in the economy - and there is no doubt that prices are rising in the shops very fast and fewer people in the bars and restaurants spending their money ...

No comments: