Monday, December 1, 2008

Property Crash

Barcelona sights - A JCB
It's no surprise to anyone that the current property market all over the world has plunged into a nose dive, but Spain has been particularly badly hit. Property prices have fallen by an astonishing 35% in the last 12 months - 4 times that of UK, for example. Official statistics reveal that Spanish building companies built 750,000 new houses and apartments last year - that's more than France and Germany combined. The ministry of finance says that the demand for new properties is around 60% of that figure. The result has left many new groups of buildings in smaller "uranizaciones" like literal Ghost Towns, with no public transport, no shops, bars or anything convenient.

Barcelona itself won't suffer from this problem, but I am still amazed by new buildings that are constructed at varying rates of speed. Some seem to spring up in a matter of weeks and other times I happen to walk past a building site on a street I rarely wander down, and see that it looks exactly the same as 6 months ago.

Here are some links to some of the best buildings in Barcelona - some of which are also still under construction!!

La Pedrera Barcelona
Sagrada Familia
Barcelona Sights - Sagrada Familia
Casa Batlló
Palau Güell


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