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Pain in Spain - Discussion |
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Written by Damian Elwes
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A while back I wrote under that title a brief item pointing out why I wouldn’t want to join the 250,000 Brits who’ve opted for year-round residence in the South of Spain. Now I’ve noticed in the newsletter of the British Association in Cannes an account – again headed by those three words – by Tony Baccanello of his unhappy experiences with the Spanish property market. In brief, his dealings with a couple of Costa developers (Dutch, in fact) ended with his getting badly beaten up and his BMW being sprayed with acid and he lost a lot of money. Frankly, we’re talking of a part of Europe that just doesn’t seem a nice place to be. As a Telegraph report put it recently, it’s “awash with feuding criminal gangs, laundered dirty money and corrupt local officials”.
But it’s not just the number of bad hats hanging up there that’s a dissuasive. A recent report from a Madrid research institute drew attention to the problems implicit in the region’s frantic building boom. Currently, 35 per cent of Spain’s Mediterranean coast is built up, rising to over 50 per cent on the Costa del Sol and the Costa Blanca and with extensive development inland. The report concluded, grimly: “It seems unlikely that the increasing demand for power and water can be satisfied.” No, it’s not the place to be ...
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