Spanish Construction jobs down |
And, the problems in the property market have also led to huge job losses in the countryââ¬â¢s construction sector.
Builders forced to seek alternative jobs
The Taipei News reports that ââ¬Ëthree out of four jobs were lost during
A decade ago,
The country has the highest unemployment rate in the European Union with much of this in coastal areas where the construction industry has almost died a death.
Distressed and vacant properties on the rise
A recent report by Moodyââ¬â¢s Investor Service showed that a record 27,561 repossession procedures were reported in the first quarter of 2010 ââ¬â up 59 per cent on the same period in 2009.
The Taipei News also reports that ââ¬Ëit is estimated that 16 percent of Spanish homes are now vacant.ââ¬â¢ The newspaper also reports that ââ¬Ëa home purchase tax deduction expires in
With record numbers of distressed and vacant properties, there are opportunities for British buyers to snap up property bargains in
Are you looking to buy property in Spain ? Estepona , Torrevieja , Orihuela Costa , Ciudad Quesada , Puerto De Mazarron
Are you looking to rent property in Spain ? Madrid , Barcelona , Sevilla , Granada , Cumbre Del Sol
Author
Nick Marr
I am an internet entrepreneur with a passion for driving big audiences and a love for real estate. I have had plenty of ups and downs which has given me the experience to help others launch their own businesses. I enjoy projects that save consumers time and money, challenge convention and add real value to peoples lives.