The expression Spanish real estate crisis or property crisis that began in 2008 refers to the set of economic indicators that, with all their severity in 2010, would evidence the deterioration of real
Urbanization of Seseña, in the province of Toledo. The construction of macro-urbanizations caused the housing stock to grow disproportionately. In 2013 it was proposed that many of the houses that could not be sold would be destroyed.
The growth of coastal urbanization has been spectacular, and in many cases has not respected the environment and the coast. In the photo Benidorm, in the province of Alicante.
Unfinished buildings due to the crisis in La Coruña.
Unfinished second homes, near Valencia. Many projects were abandoned due to the impossibility of financing or selling them.
Martinsa-Fadesa
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Martinsa-Fadesa, S.A. was one of the main housebuilding groups in Spain before the crash of the Spanish property bubble. It was based in Madrid, Spain.
Buildings under construction by Martinsa-Fadesa at L'Hospitalet de Llobregat