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The Masked Tulip

Britons Face Losing Everything As Spanish Construction Industry Goes Into Meltdown

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Thousands of Britons who have bought homes in the Costas face losing their investments as Spain's real estate and construction industry goes into meltdown.

Those buyers who have made down-payments on properties that they have not yet taken possession of could find themselves losing everything, analysts have said.

The warning came as Spain's largest property developer Martinsa-Fadesa filed for bankruptcy after failing to secure a loan as part of a 4 billion euros refinancing package.

If that happens in Spain surely it will happen here also?

http://www.telegraph.co.uk/news/worldnews/...o-meltdown.html

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  • 396 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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