Helldorado
By Greg - Posted on May 29th, 2008
Tagged: Spain
Here's a link to a story about how the Spanish property frenzy resulted in all kinds of broken dreams for the expats who jumped into the market and got caught in a speculative frenzy of overconstruction and murky regulations.
I was in Spain last fall, and you could already see signs the market was cooling, but the Brits continued to pour into Spain. What will happen to "Helldorado" in the long run will be interesting to watch.
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