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.
Caja Castilla-La Mancha
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Caja Castilla-La Mancha also known as Caja de Ahorros de Castilla-La Mancha or CCM was a Spanish savings bank headquartered in Cuenca.
2008–2014 Spanish real estate crisis
…savings banks into improvised real estate agencies. The first Spanish financial institution in serious difficulties due to the real estate crisis was Caja Castilla-La Mancha, which was intervened by the Bank of Spain on Sunday, March 29, 2009, with its entire management being dismissed and the bank's deposits being covered…
Caja Castilla-La Mancha office in Barcelona
MCC Bank in Hontecillas.