Rotten To The Core: Spain's Housing Market In Crisis

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  • Опубліковано 28 лис 2024

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  • @jamesmaclean3222
    @jamesmaclean3222 7 років тому +50

    greed has decimated the beauty of the costa del sol

    • @busterbiloxi3833
      @busterbiloxi3833 5 років тому

      Tough shit. If you don't like it, go somewhere else. BUILD!

    • @sugarpop7377
      @sugarpop7377 5 років тому

      John O'neil British anos Anerican she love to move to shitty third world countries . Because their countries are so good to retire .....

    • @janettecoleman1714
      @janettecoleman1714 5 років тому +2

      GREED HAS DECIMATED HUMANITY!

  • @Eitner100
    @Eitner100 5 років тому +20

    My father started building in the 60s some 50 homes. Already then illegal building was normal. Whilst he had all permits, Spaniards around our property were building randomly and fully illegally. The building crisis in Spain is a project going on for decades. Incompetent politicians and corruption will go on forever in Spain.

  • @JonSmith-cx7gr
    @JonSmith-cx7gr 5 років тому +26

    "The 300,000 Euro in my account wasnt mine. It belongs to my daughter. She was given it by her grandparents". Let me guess; they got it from their second cousins who got it from their uncle who got it from his wife who got it from......... etc

    • @TheFreshSpam
      @TheFreshSpam 5 років тому +1

      Its actually very traditional espcially older Spanish people from certain regions to hold and keep their own assets and cash themselves for mistrust of banks and autonomy from the government

    • @JonSmith-cx7gr
      @JonSmith-cx7gr 5 років тому +5

      @@TheFreshSpam Yes. Traditional for some British politicians also.

    • @TheFreshSpam
      @TheFreshSpam 5 років тому

      @@JonSmith-cx7gr Unfortunately a few ruin it for the many, anyone can take that lie. But it does happen alot non corrupt

    • @helenmark3214
      @helenmark3214 5 років тому

      legal laundering with help from the ENABLERS > crooked lawyers

    • @mrsbee5056
      @mrsbee5056 4 роки тому

      @@TheFreshSpam True. Thats why the Brits keep changing their money. To stop the old farts here stashing it undeclared

  • @jeffreygorman8590
    @jeffreygorman8590 5 років тому +14

    welcome to Spain where over half the buildings here are illegally built by amatuers

  • @allstardemon
    @allstardemon 8 років тому +41

    WOOHOO!!!! A story on Spain's housing market from 10 years ago!! FINALLY!!!

    • @juanra2835
      @juanra2835 8 років тому

      Yecora Madrid

    • @feltongailey8987
      @feltongailey8987 5 років тому

      @Eyjafjallajökull You will have to wait 10 more for the follow up video.

  • @niklar55
    @niklar55 5 років тому +6

    When someone says, ''they cannot prove it,'' that is an effective admission of guilt!

  • @AvaT42
    @AvaT42 6 років тому +17

    I do not understand why there were no laws in Spain to stop these illegal buildings being built. Things should never have got this far.

    • @nicted9308
      @nicted9308 5 років тому +4

      One word corruption its everywhere in Spain.

    • @53mojito
      @53mojito 5 років тому

      Eyjafjallajökull Jesus Gil y Gil, as corrupt as they come.

    • @mickcarson8504
      @mickcarson8504 5 років тому +4

      Sonia, there is no law even to stop the African invasion. Yes, Africans who interbreed with Spanish women in a mix and match and an effort to destroy the Spanish race. Interesting isn't it, not.

    • @LabRat6619
      @LabRat6619 5 років тому +2

      @@mickcarson8504 Spain is another beautiful country that has suffered from invaders. High level invaders like Russians etc and low level like Africans!

  • @martiansurgery
    @martiansurgery 6 років тому +48

    Demolish it - and the banks (who didnt do their due diligence) need to give all those people their money back plus damages!

    • @bikinggal1
      @bikinggal1 5 років тому

      oh you're so cute. Seriously?

    • @caranandrews3491
      @caranandrews3491 5 років тому +1

      Yes demolish, but these folk were greedy and do not deserve re-imbursement for their greed & stupidity.

    • @sugarpop7377
      @sugarpop7377 5 років тому

      Fauk Yosef banks are always in the winning end . The small end always end up paying the tab one way or another .

  • @henkoosterink8744
    @henkoosterink8744 5 років тому +10

    One word: corruption.

    • @shanemanchester
      @shanemanchester 5 років тому +1

      Henk Oosterink Agreed, Spain calls itself a European nation but it really isn’t. Belongs with South American banana republics. Go Brexit. Let them pay for themselves.

  • @throwachair
    @throwachair 5 років тому +6

    that 'only a bit of that money (350,000) was mine' woman looks like a really trustworthy person.

    • @valdatriegaardt6310
      @valdatriegaardt6310 5 років тому +3

      dave lee her daughter got it from the grand parents.. Don't you understand That!!! Lol... Lol 😂😀😀😀😀 keep it in the family

  • @cliffordsikora9841
    @cliffordsikora9841 5 років тому +5

    This is sad, but Spaniards ( respectfully ) should know to research intensively when buying property. I say this because I grew up in Spain. And as a child , a child, I heard and saw the corruption and illegal building. It is a shame that one person will dupe not just an individual but an entire system.
    Aye Sangre de mi Corazon por mi hermanos y hermanas

    • @sugarpop7377
      @sugarpop7377 5 років тому

      Clifford Sikora true, this has been happening since the early 90s with Jesus Gil.

  • @nicted9308
    @nicted9308 5 років тому +3

    In Spain corruption is a way of life and there is not one town hall that doesn't owe millions.Their way of thinking is build it and worry about it later.

    • @resnonverba3351
      @resnonverba3351 5 років тому +1

      Sure. There is no corruption nor crime in your heavenly country. I lived there and could not wait to come back. Life is not worth living in a sad, boring place like that.

  • @neiljennings1556
    @neiljennings1556 5 років тому +6

    6:46 ''they simply won't be able to prove it'', classic!

  • @rsnankivell1962
    @rsnankivell1962 5 років тому +3

    It's bad to generalize....
    The video focuses on a specific area to create controversy.
    This is a unique and specific case in Spain: Costa del Sol, full of international mafias and obscure interests and the only case in Spain where a whole city council was accused and inprisoned for urban corruption: Marbella; the rest of Spain doesn' t work that way.
    And if someone doubts what I say that makes a video in another area of Spain in which the same thing happens ... if he finds it !!!!

    • @sugarpop7377
      @sugarpop7377 5 років тому

      slafito44 x I would love to retire in Spain but my plans is buy a little property in the north of Spain in a rural area with Spanish neighbours . In my opinion far more nicer . I can't understand the attraction to Costa del Sol, excessive heat, ugly landscape and full of tourists .

  • @casualagent7250
    @casualagent7250 5 років тому +7

    Just demolish everything, and start again with trees & parks.

  • @bobnicholson9821
    @bobnicholson9821 5 років тому +16

    We recently sold our place in Spain...........good riddance

    • @jaym-bu3cr
      @jaym-bu3cr 5 років тому

      bob nicholson do you miss Spain?

    • @bobnicholson9821
      @bobnicholson9821 5 років тому

      The only thing i miss are the great roads for riding my bikes. I can understand how people could love Spain, there is a lot to like.

  • @RCola729
    @RCola729 8 років тому +18

    I want to see what the housing market looks like in Spain now. This video was back in 2007

    • @mixn44
      @mixn44 7 років тому +2

      on the final verge of going pop..

    • @CarlosAndres7
      @CarlosAndres7 6 років тому +1

      Now there is a BIG RENTING bubble only in the big cities (because the prices in those cities is EVEN MORE UNAFFORDABLE). In little towns it is very cheap now to buy.

    • @24694104
      @24694104 5 років тому

      neil eastell sales are actually booming and the biggest growth is sales to Brits. Up by 17 percent prior to the bust.

    • @grahamjohnson4702
      @grahamjohnson4702 5 років тому +5

      @neil eastell Nice to see you are keeping your nose to the grind stone and blaming everything on Brexit

  • @DiHandley
    @DiHandley 5 років тому +5

    Greed, greed, greed!

  • @Theoobovril
    @Theoobovril 5 років тому +3

    The building planning system has been bent for over 40 years and the Spanish government has still yet to sort it out, yes, even though's right up at the top must be making money out of it.

  • @maggihutchins1565
    @maggihutchins1565 5 років тому +6

    I lived on the Costa. Del Sol in the sixties and it was paradise!

    • @mikelkiparski638
      @mikelkiparski638 5 років тому +2

      FRANCO ruled with an iron fist

    • @resnonverba3351
      @resnonverba3351 5 років тому

      So did Mussolini and Hitler. Are we going further back. What about the middle ages?

    • @mikelkiparski638
      @mikelkiparski638 5 років тому +1

      @@resnonverba3351 DIFFERENCE is FRANCO was alive and incharge in the sixties he only died in 75 or 76 iwas living in BARCELONA when he died and JUAN CARLOS became KING

    • @sugarpop7377
      @sugarpop7377 5 років тому

      Practical Nihilist tourism is a terrible thing . Most people don't know how to behave , that is why they trash the places where they visit . At least is contained. Those type of tourist do not ever visit much nicer parts of Spain inland or the beautiful north . In there you find a more nicer and discerning tourist , interested in the culture and the richness of the architecture that you find in the second country with more cultural touristic interest in the world , only after Italy .

  • @jaddy540
    @jaddy540 5 років тому +6

    To add insult to injury, the expat Brits come down to Spain, then all live together in communities on the sides of mountains,overlooking the Sea. English pubs and small stores spring up,soon the place bears no resemblance to Spain. And the nice looking villas were built by unskilled labor and nothing works right. These are facts, I saw and learned on extensive travels in Spain.

    • @resnonverba3351
      @resnonverba3351 5 років тому +1

      Then the British drunks should go back to their horrible country. Nobody wants them in Spain. The best tourists are German and Scandinavian. You guys are a rude, poor, arrogant and have no personal hygene. Your unventilated houses stink of mold and dog infected carpet. You are the worst bigots. Go back please.

    • @resnonverba3351
      @resnonverba3351 5 років тому

      @Marcos Alonso 🤣🤣

    • @mickcarson8504
      @mickcarson8504 5 років тому +2

      Spain is a nation, yes? Well, then kick them all out. Spain is for Spaniards, not for English, not for Africans, not for Muslims. Spain is for Spanish citizen and their children. Any non Spanish alien, kick them out and exclaim your country and your language. Otherwise, like they say greed destroys many lives and then they suffer.

    • @coratheexplorer1824
      @coratheexplorer1824 5 років тому

      @@mickcarson8504 and without englush and Scandinavian Spain is bunkrupt

    • @sugarpop7377
      @sugarpop7377 5 років тому +1

      Martin G unfortunately we argue between each other while the real culprits are the money launderers , they don't have nationalities as they don't serve the interests of any country but only themselves .

  • @hymlog
    @hymlog 5 років тому +3

    ...GREED DOES'T CARE ...RUN FOREST ...RUN!!

    • @Fiona-hp4mw
      @Fiona-hp4mw 5 років тому

      See Nomore You have seen trees running ?

    • @hymlog
      @hymlog 5 років тому

      @@Fiona-hp4mw ..YOU DON'T GET OUT MUCH DO YOU?

  • @jasonmercieca451
    @jasonmercieca451 5 років тому +8

    Its Spain you talking about, of course its rotten to the core, even there legal system and how they act is same, im not suprised at all, to be expected. ....

  • @mickcarson8504
    @mickcarson8504 5 років тому +2

    Wait. Has any Spagnolo ever heard of the phrase, 'Stop breeding like rabbits'?

    • @sugarpop7377
      @sugarpop7377 5 років тому +2

      Mick Carson I'm sure Spain has one of the lowest rates of birth in the world . Only immigrants can have children because the government give them € 200 per child .

  • @gringopapi6985
    @gringopapi6985 5 років тому +2

    While Im still looking for a country where I am allowed to build a tiny home on my own land....

  • @milesinnz
    @milesinnz 5 років тому +2

    Jesus... any time you see anything published by Journeyman, you can safely assume it's at least 10 years old.. and they can't even be honest enough to say "from...."... just trying to get more clicks to increase their revenue.. this sort of shit can be very misleading...

  • @chrismalcomson7640
    @chrismalcomson7640 5 років тому +2

    In Spain if you buy a house you pay 'black money', which is about 25% of the value, in cash. This is done by your lawyer... I new all about the scams with new builds so I bought an old house and renovated it. The back garden is much more difficult. Many Spanish don't register their land because they have to pay taxes on it so when you get a boundry dispute its almost impossible to know who owns what.I just built a wall around what I considered to be my property and none of the neighbours complained so I'll stick with it. Spanish inhertence laws mean property is left to all members of the family which has the result of making the selling of a property very difficult because all members of the family have to agree..
    The moment a Spanish seller see's your English the price goes up dramatically so beware.. I love living here and have no regrets

    • @resnonverba3351
      @resnonverba3351 5 років тому

      Go back to your sad, boring, rainy, gloomy, overtaxed, overpriced land and live in one of your many "no shower" musty smelling, carpeted, unventilated " house". I hope you get pneumonia. Our Muslim ancestors had better hygene and better homes than what you have today.

    • @chrismalcomson7640
      @chrismalcomson7640 5 років тому +1

      @neil eastell Not really, as long as you understand the way things work your fine..Being part of the EU has made Spain very first world. Fibre optic broadband country wide. Most of the corruption you saw during the housing boom has now been dealt with and things are pretty honest on the whole... Use the same caution you'd use in the UK is all I'd say... One thing I think is a very good idea is the law on violence. If you beat someone up you have to pay all their expenses and wages until they are fit again. This could involve months off work if they drag it out... You don't get much violence in Spain...

    • @chrismalcomson7640
      @chrismalcomson7640 5 років тому

      @@resnonverba3351 Well said...

    • @resnonverba3351
      @resnonverba3351 5 років тому

      @@chrismalcomson7640 Thank you. Where are all my compatriots??. Spanish people have had a complex of inferiority fueled recently by the racist catanatzis. They should be proud and stand up to ignorance. To compare Spain to any LA country is ludicrous. Very different cultures and degrees of social progress.

  • @susanwhitehall7314
    @susanwhitehall7314 5 років тому +4

    How the hell do you expect me read them subtitles you need a magnified glass

  • @FeatheryBird
    @FeatheryBird 5 років тому +1

    He meant if it's NOT demolished at 3:43. This is horriffic.

  • @mikelkiparski638
    @mikelkiparski638 5 років тому +1

    when i was there in the 1980s the con game was on unfinished buildings selling flats in nonexsisting buildings renting was the name of the game NOT BUYING .

    • @mikelkiparski638
      @mikelkiparski638 5 років тому +3

      only an idiot buys property in spain no one knows who owns it.

  • @hannecatton2179
    @hannecatton2179 5 років тому +5

    3 rd. world attitude. Build where you want and to hell with law.

    • @sugarpop7377
      @sugarpop7377 5 років тому

      Hanne Catton like it doesn't happen in your country . Wherever you are . Easy criticise other countries and ignore what happens in your doorstep . This is why the news have gone worldwide, people today are worried about problems in other continents but don't care what is going on their cities because the local papers do not do serious journalism anymore . 😟

  • @franciscogabriel6773
    @franciscogabriel6773 6 років тому +26

    Spain is a south american country located in Europe

    • @bromcoenraads7590
      @bromcoenraads7590 6 років тому +1

      And the british own it

    • @lincolnpaul1814
      @lincolnpaul1814 5 років тому +7

      Francisco Gabriel you know nothing of Spain, nothing of South America and even less about the United States

    • @GamingHarry
      @GamingHarry 5 років тому +2

      Dude... please... you're embarrassing yourself.

    • @lewiscollins1045
      @lewiscollins1045 5 років тому +2

      @@lincolnpaul1814 My wife is from south America, He's right it's a corrupt shit hole just like Spain

    • @heathsavage4852
      @heathsavage4852 5 років тому +3

      @@resnonverba3351 I that your bias does not take into account the thuggish, arrogant Germans who strut around other European countries, nor the miserable bastard French, who sulk and pout their way around Spain whingeing about the food and wine. Where I live in Galicia there are immigrants from everywhere, and we all have a love of Spain in common. We didn't come for the sun (I'm an Aussie, we had plenty of that at home), we came for the lovely scenery, the tranquility, the quality of life and the Gallego people and culture. Those who have gone south tend to be there for different reasons - wherever they are from. Putting the boot into the Brits is just lazy.

  • @johnwignall5413
    @johnwignall5413 5 років тому +1

    What is the point of lawyers, if law is not enforced?

  • @heathsavage4852
    @heathsavage4852 5 років тому +2

    I moved to Spain (Galicia) from Australia 7 months ago and bought an old house which I am restoring. I have heard horror stories. Lesson? DO SOME RESEARCH, and don't expect everything to be smooth sailing. We have had no problems, because we are not idiots.

    • @resnonverba3351
      @resnonverba3351 5 років тому +3

      I have lived through real state horror stories in the US. You have to know the laws of each civilization before you jump into it. Millions of people buy and sell homes in Spain with zero issues. They also pay back their debt unlike people in the US where they foreclose and walk away. Talk about deadbeat culture and lack of accountability. It probably is the same in the UK. I will never know since that would be the last place on earth I would live in.

    • @sugarpop7377
      @sugarpop7377 5 років тому

      Practical Nihilist houses have been built in areas where it used to flood and sold for premium prices . Guess what happened ? Eventually nature took its course and bye bye house .

  • @mrsbee5056
    @mrsbee5056 4 роки тому

    I lived in Southern Spain for a few years working. I didnt like Marbella its full of coke snorting chavvy cockneys but had to work there for a bit. If you are visiting, try Murcia city, hire an air b&b its only about 100 each for a week if you split it between 2. That includes cleaning fees service charge etc, and the air fare was £50 there and £60 back. (don't book a return you will get charged triple), Book a single flight then book your flight home as soon as you are in Murcia airport, or t internet

  • @amiausUSA
    @amiausUSA 7 років тому +2

    Off topic a bit: Cruzcampo, my favourite beer. Had a few pints of it this last August. ¡Salud!🍺

    • @budvar45
      @budvar45 5 років тому +1

      Second only to Mahou..

    • @casualagent7250
      @casualagent7250 5 років тому

      amiausUSA
      Worst Spanish beer, & why it’s so cheap, San Miguel all the way

  • @sonofsun4
    @sonofsun4 5 років тому +1

    Wouldn't title insurance cover the homeowners from loses caused by demolitions?

  • @helenmark3214
    @helenmark3214 5 років тому

    arrest the crooked developer/builders and their friends in the government offices that allowed this. Put them in chains and make them remove every build they built, then put them in prison for hard labour,

  • @rossjon7423
    @rossjon7423 5 років тому

    A small country like Spain, Foreign Landlord Property Investors should not invest there because the enviroment will look horrible with all this big apartment buildings going up and it already looks like a Eyesore now.

    • @sugarpop7377
      @sugarpop7377 5 років тому

      Ross Jon it does but people still love to go on holidays there!
      People like that .

  • @Cheeseatingjunlista
    @Cheeseatingjunlista 5 років тому +7

    This is well old,done by some smart arse Ozzy git who could now do the same progam about Sydney

  • @mrsbee5056
    @mrsbee5056 6 років тому +4

    The Spanish government don't have a proper tax system, or even proper laws. How can that not grind to a halt. My dad was silly enough to buy a 7 bedroomed "farmhouse" in the middle of no-where. Hey dad, great fun! no jobs,friends or well,...anything. At least it was a resale. He eventually got the paltry fee back that he paid for it, and sold all our stuff ,cheers dad. Got home and thought, at least I have my things for a house...nope my brother and his wife had sold it all, and get this I LENT him the last of my savings...bye money....

    • @resnonverba3351
      @resnonverba3351 5 років тому

      You obviously are not an attorney nor you know anything about real estate laws in other countries. Just cause they are not the same, your ostrich size brain labels them " not proper".

  • @marniep4332
    @marniep4332 5 років тому

    I sincerely hope that the Golf course next to the village 1&1/2 hr inland isn't built and the people of that lovely tranquil village are left in peace and in tact with their natural spring water.

  • @lostcreek163
    @lostcreek163 5 років тому +3

    Rent don't buy!

  • @Fiona-hp4mw
    @Fiona-hp4mw 5 років тому

    If the daughter really got it from her grandparents show the bank transfer, and the grandparents bank statements showing the money accumulated in their accounts because money like that takes a lifetime to accumulate and why didn't they transfer it to a bank for her? There's only one reason people leave money around the house and that's if they are trying to hide it.

  • @jrhamp
    @jrhamp 5 років тому

    Fraud in real estate is the norm...with Brexit..health care issues..and no justice when there is a problem..makes Spain the worse option for buying realestate...

  • @justmissjamey
    @justmissjamey 5 років тому

    If it's on PUBLIC land, then no one can own, or take it over...bank or no bank...

  • @blackvulcan100
    @blackvulcan100 5 років тому +1

    Bribary and corruption ? in Spain ? really ?? I have my own story to tell not unlike this one.

  • @funsweed
    @funsweed 5 років тому

    Hey follow the money , very simple , hope those folks aren't holding their breath , don't think too much will change , buyer beware

  • @c.coleman2979
    @c.coleman2979 5 років тому

    It sounds a lot like what is happening to Nashville today.

  • @JUANKERR2000
    @JUANKERR2000 5 років тому +1

    Nothing here that a few small well-placed nukes wouldn't solve.

  • @suzyschwarz7023
    @suzyschwarz7023 5 років тому +1

    Nightmare!

  • @adismell
    @adismell 5 років тому

    When was this documentary made? Pre-2009?

  • @MrMagnusFogg
    @MrMagnusFogg 5 років тому

    I would love to see all these apartments being legalized, sold and people moving in...restaurants and shops opening...then wait for everyone to go back home from the beach end of the day, wishing to take a shower...that would be fun...and the hotels, restaurants, golf course, with no water...no to mention the side effects of an overcrowded place...oh well, better luck next time...

  • @jims9406
    @jims9406 5 років тому

    I might be behind on things. With this type occupancy when do the water purification systems come into play, oh then taxes to pay for this and solid waste systems also.

  • @tonymak9213
    @tonymak9213 6 років тому +1

    Has anyone been paid out following the Valencia land grab and EU court ruling ?

  • @sailingsolar
    @sailingsolar 5 років тому

    The builders build what the buyers want.

  • @zizoboyheaven7779
    @zizoboyheaven7779 5 років тому

    after many years to come..all must pay higher taxes ... all means all .

  • @kaiserrahman4701
    @kaiserrahman4701 5 років тому +1

    Sounds like Banana Republic!

  • @oliverbold9724
    @oliverbold9724 5 років тому

    2019 abril romanic calender.san Fulgencio Alicante Spain.

  • @exnbcnco
    @exnbcnco 5 років тому +2

    Having lived in Spain for over ten years, I'm not surprised one bit! The sad part is I grew up in part in Madrid, Father was in the U.S. Air Force, Torrejon Air Base early to mid 70's. And this video is so true for all of Spain. I remember going down to Torremolinos (Costa Del Sol) for summer vocations and the sand being so white and clean. You go now and the sand is dark and dirty with all these high rise buildings right on the beach with these big red cast iron pipes disappearing into the surf from this buildings. These pipes are dumping raw sewage directly into the Med. Sea. When Franco was alive, this crap did not happen period. Que Viva Franco!

  • @bikinggal1
    @bikinggal1 5 років тому

    fighting a losing war!

  • @simonbolivar5596
    @simonbolivar5596 5 років тому

    Ricachones muchas casas pocos hijos ; pobretones muchos hijos pocas casas

  • @paulkazjack
    @paulkazjack 5 років тому

    I own the demolition company! I can't wait!

  • @7mallorca
    @7mallorca 4 роки тому

    Money Rules

  • @darren6567
    @darren6567 5 років тому +2

    Housing in Spain is all good now

  •  5 років тому +1

    God bless you for cheap moronic background jingle 🤮🤮🤮

  • @chupachipchipachup7887
    @chupachipchipachup7887 5 років тому

    Lolololololololo. Come to Malta please.

  • @julianlewis4305
    @julianlewis4305 7 років тому +1

    things have changed now though (2017)

  • @jackleripper3482
    @jackleripper3482 5 років тому

    The EUROPEAN UNION has prepared Spain for Islam ! That’s all you need to know 🤫

    • @sugarpop7377
      @sugarpop7377 5 років тому

      Jack Le Ripper I would love to say you are wrong but .... it's like that .