Wednesday, July 16, 2008

The crisis has sent shock waves through an already troubled real estate industry and heightened fears that other property and construction companies could also fai

Britons face losing everything as Spanish construction industry goes into meltdown

Britons face losing everything as Spanish 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. The crisis has sent shock waves through an already troubled real estate industry and heightened fears that other property and construction companies could also fail. www.telegraph.co.uk/news/worldnews/europe/spain/2304401/Britons-face-losing-everything-as-Spanish-construction-industry-goes-into-meltdown.html"

Posted by big chris @ 11:24 PM (400 views)
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