Thursday, October 22, 2009
I can’t afford it, you can’t afford it. Who can ?
Property owners in Spain who are renting out their properties because they cannot sell them due to the countryâ€™s depressed real estate market are increasingly experiencing problems with bad tenants hit by the economic downturn. The number of defaulting tenants and evictions have tripled in the past two years. Many of them who are having problems are expats who moved to Spain for a better lifestyle and then became reluctant landlords because of the credit crisis.