Wednesday, August 31, 2011

The shape of things to come – In Britain?

BBC

Spain's economic crisis has pushed record numbers to default on their mortgages and repossessions are at an all time high. Some claim that 180 families are now being evicted from their homes each day. Yet at the same time the country is full of brand new, empty properties. When the real estate bubble burst, it left behind a country full of empty lots, half built homes and unnamed streets. On the outskirts of big cities, it is common to find large apartment blocks inhabited by just a handful of families.

Posted by gone-to-colombia @ 01:20 AM (972 views)
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8 thoughts on “The shape of things to come – In Britain?

  • There’s a bit of that in Ireland, but in Britain we simply didn’t build that many houses. Spain was building 800,000 houses a year in the boom times for their 46m inhabitants; whereas Britain was building under 200,000 a year for over 60m inhabitants. No chance of ghost towns here.

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  • too many people in the uk for that to happen

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  • Agreed, wer’e too busy providing host towns.

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  • We can build as many as we like, but they will only be inhabited if people can afford to buy them.

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  • uk actually has 800,000 empty properties of its own and many northern streets have been borded up.The controlled media isn’t reporting this

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  • yet spain recently halved tax for builders on new build homes WHY?

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  • Field of Dreams – Build and they will come!

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  • @Taffy
    Agreed. I bet the Spanish media was ramping a “housing shortage” during the boom years.
    N

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