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Rotten To The Core: Spain's Housing Market In Crisis
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- čas přidán 25. 05. 2016
- Costa del Con: Spain's housing market is being crippled by a corruption scandal.
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It’s Spain’s biggest corruption scandal in years. Marbella’s local council stands accused of sanctioning illegal construction projects in exchange for large bribes.
By some estimates, 40% of all construction in Europe is happening in Spain. Marbella is at the centre of the building boom. In the past few years, 4 million houses have been built. “It’s a real disaster for the city”, states Mercedes Vazquez. More than 30,000 flats originally approved by the council violate Spain’s planning laws. Former officials are now facing corruption charges. Since the scandal broke, dozens of similar cases have been discovered across Spain. “The root of the problem is that town councils aren’t properly funded”, explains lawyer Diego Martin. “Many rely on developments to get the money they need”.
ABC Australia- Ref. 3412
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greed has decimated the beauty of the costa del sol
Tough shit. If you don't like it, go somewhere else. BUILD!
John O'neil British anos Anerican she love to move to shitty third world countries . Because their countries are so good to retire .....
GREED HAS DECIMATED HUMANITY!
WOOHOO!!!! A story on Spain's housing market from 10 years ago!! FINALLY!!!
Yecora Madrid
@Eyjafjallajökull You will have to wait 10 more for the follow up video.
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.
"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
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
@@TheFreshSpam Yes. Traditional for some British politicians also.
@@JonSmith-cx7gr Unfortunately a few ruin it for the many, anyone can take that lie. But it does happen alot non corrupt
legal laundering with help from the ENABLERS > crooked lawyers
@@TheFreshSpam True. Thats why the Brits keep changing their money. To stop the old farts here stashing it undeclared
When someone says, ''they cannot prove it,'' that is an effective admission of guilt!
welcome to Spain where over half the buildings here are illegally built by amatuers
Demolish it - and the banks (who didnt do their due diligence) need to give all those people their money back plus damages!
oh you're so cute. Seriously?
Yes demolish, but these folk were greedy and do not deserve re-imbursement for their greed & stupidity.
Fauk Yosef banks are always in the winning end . The small end always end up paying the tab one way or another .
One word: corruption.
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.
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.
One word corruption its everywhere in Spain.
Eyjafjallajökull Jesus Gil y Gil, as corrupt as they come.
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.
@@mickcarson8504 Spain is another beautiful country that has suffered from invaders. High level invaders like Russians etc and low level like Africans!
I want to see what the housing market looks like in Spain now. This video was back in 2007
on the final verge of going pop..
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.
neil eastell sales are actually booming and the biggest growth is sales to Brits. Up by 17 percent prior to the bust.
@neil eastell Nice to see you are keeping your nose to the grind stone and blaming everything on Brexit
6:46 ''they simply won't be able to prove it'', classic!
that 'only a bit of that money (350,000) was mine' woman looks like a really trustworthy person.
dave lee her daughter got it from the grand parents.. Don't you understand That!!! Lol... Lol 😂😀😀😀😀 keep it in the family
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
Clifford Sikora true, this has been happening since the early 90s with Jesus Gil.
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 !!!!
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 .
Greed, greed, greed!
How the hell do you expect me read them subtitles you need a magnified glass
Susan Whitehall learn Spanish...then no need to read it
Just demolish everything, and start again with trees & parks.
I lived on the Costa. Del Sol in the sixties and it was paradise!
FRANCO ruled with an iron fist
So did Mussolini and Hitler. Are we going further back. What about the middle ages?
@@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
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 .
...GREED DOES'T CARE ...RUN FOREST ...RUN!!
See Nomore You have seen trees running ?
@@Fiona-hp4mw ..YOU DON'T GET OUT MUCH DO YOU?
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.
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.
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...
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.
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. ....
We recently sold our place in Spain...........good riddance
bob nicholson do you miss Spain?
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.
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.
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.
@Marcos Alonso 🤣🤣
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.
@@mickcarson8504 and without englush and Scandinavian Spain is bunkrupt
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 .
While Im still looking for a country where I am allowed to build a tiny home on my own land....
Antarctica
What is the point of lawyers, if law is not enforced?
Really makes you think...
Wait. Has any Spagnolo ever heard of the phrase, 'Stop breeding like rabbits'?
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 .
He meant if it's NOT demolished at 3:43. This is horriffic.
Off topic a bit: Cruzcampo, my favourite beer. Had a few pints of it this last August. ¡Salud!🍺
Second only to Mahou..
amiausUSA
Worst Spanish beer, & why it’s so cheap, San Miguel all the way
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 .
only an idiot buys property in spain no one knows who owns it.
Wouldn't title insurance cover the homeowners from loses caused by demolitions?
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
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.
@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...
@@resnonverba3351 Well said...
@@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.
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
Rent don't buy!
3 rd. world attitude. Build where you want and to hell with law.
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 . 😟
Nightmare!
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.
This is well old,done by some smart arse Ozzy git who could now do the same progam about Sydney
Hey follow the money , very simple , hope those folks aren't holding their breath , don't think too much will change , buyer beware
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.
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....
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".
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,
When was this documentary made? Pre-2009?
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.
It sounds a lot like what is happening to Nashville today.
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.
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.
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 .
Nothing here that a few small well-placed nukes wouldn't solve.
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...
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.
Ross Jon it does but people still love to go on holidays there!
People like that .
Spain is a south american country located in Europe
And the british own it
Francisco Gabriel you know nothing of Spain, nothing of South America and even less about the United States
Dude... please... you're embarrassing yourself.
@@lincolnpaul1814 My wife is from south America, He's right it's a corrupt shit hole just like Spain
@@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.
Bribary and corruption ? in Spain ? really ?? I have my own story to tell not unlike this one.
Sounds like Banana Republic!
If it's on PUBLIC land, then no one can own, or take it over...bank or no bank...
2019 abril romanic calender.san Fulgencio Alicante Spain.
Wow now restoring the natural landscape will be impossible it's gone. Adios a la belleza natural lo perdieron gracias a su codicia por el dinero y la ganancia. Bien merecido.
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...
The builders build what the buyers want.
Money Rules
after many years to come..all must pay higher taxes ... all means all .
Lolololololololo. Come to Malta please.
fighting a losing war!
Has anyone been paid out following the Valencia land grab and EU court ruling ?
I own the demolition company! I can't wait!
God bless you for cheap moronic background jingle 🤮🤮🤮
Ricachones muchas casas pocos hijos ; pobretones muchos hijos pocas casas
things have changed now though (2017)
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!
Housing in Spain is all good now
The EUROPEAN UNION has prepared Spain for Islam ! That’s all you need to know 🤫
Jack Le Ripper I would love to say you are wrong but .... it's like that .