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What's really happening in the real estate world in Spain? The EOS Team are going to be keeping you up to date with everything that's happening from a market perspective.

Benalup: The Spanish boom town that went bust
20 November 2011 @ 21:21

Benalup used to be thriving but now has the worst levels of unemployment in a country on brink of economic collapse.

The shiny Audis and BMWs that still line the narrow streets of Benalup are a reminder that this Andalucían country town once boasted the greatest number of luxury cars per head in the south-western province of Cádiz.

These days this charming place, set bull-rearing countryside inland from Gibraltar, holds a different kind of record: not only the worst unemployment rate in the country, but the worst in Europe.

"I don't know whether they can fix this," said 19-year-old Juan Carlos Gutiérrez, one of hundreds of young people who dropped out of school and now drift between part-time work, training courses and the dole queue. "I've picked asparagus and worked in a packing factory, but the jobs never last. The future is screwed."

"Everyone our age is out of work," agreed Nora Pérez, 22, as she waited for the hearse bringing her grandmother to her funeral in the picturesque square of Our Lady of Perpetual Help. "My father went to Germany when he was young. Our generation may emigrate as well. Some of my friends have already left."

Read more at Guardian.co.uk



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7 Comments


the manager said:
26 November 2011 @ 11:10

i feel very sorry for all who believed in the spanish/euro dream,most investing in property have lost a fortune & there is no money to buy the bargains now available,one word bankers,they & governments policy`s are to blame,leaving ordinary people to carry the burden.period


the manager said:
26 November 2011 @ 11:28

i feel very sorry for all who believed in the spanish/euro dream,most investing in property have lost a fortune & there is no money to buy the bargains now available,one word bankers,they & governments policy`s are to blame,leaving ordinary people to carry the burden.period


the manager said:
26 November 2011 @ 11:29

i feel very sorry for all who believed in the spanish/euro dream,most investing in property have lost a fortune & there is no money to buy the bargains now available,one word bankers,they & governments policy`s are to blame,leaving ordinary people to carry the burden.period


Christopher Gamble said:
26 November 2011 @ 17:38

Benalup just followed the same unimaginative model of any other golf with property development in Spain. There is no strategic (long-term) planning but just short-term greed. Its a good job it crashed when it did or there would be many, many more illegal monstrosities spoiling more and more hill top Andalusian pueblo blancos onia and Ronda ..... thank goodness.
You would have thought a lesson had been learned but there are hundreds of like minded schemes still in the pipeline.
When things are only a veneer thick and quality is sacrificed for short term gain then this is the result.......and will they learn?
At the Overseas Property show in Earl's Court the Spanish Government representatives were still flogging this dead horse ...Denial or what?


Rosa Naru said:
27 November 2011 @ 10:54

My father's generation had


Rosa Naru said:
27 November 2011 @ 10:54

My father's generation had


Rosa Naru said:
27 November 2011 @ 10:54

My father's generation had


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