Half-built, unoccupied houses have become monuments to Spain's economic woes. Sesena, a development near Madrid (pictured above) has become notorious. A big property group, Martinsa-Fadesa, went bust last month. Thousands of buyers now fear they may never see their properties finished or, worse, not get their money back.rnMediterranean properties are the worst affected. They fell in price by over 6% in the year to July, against 3.9% for the whole country, says a property valuer, Tinsa. Reverberations from falling coastal property and collapsing developers are being felt widely. The world's second-biggest tourist destination attracts buyers from around Europe. They want not just holiday and retirement homes but a nice profit when they sell. Those who thought they could not lose in a market that was seeing annual increases of up to 20% are getting their fingers burnt.
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