Published on Sep 27, 2012 by Euronews
http://www.euronews.com/ Sell, sell, sell is the cry echoing through the empty housing estates of Spain.
The leftovers from the property boom and bust are on the block at bargain prices as the banks try to off load homes they got stuck with when over-ambitious developers went bust.
Paul Williams is a sales agent for properties in Murcia and hopes for buyers: "It's the one solution perhaps to the problem now to put these properties in the hands of owners. In most cases it's the banks that have that problem and they have the tools to help put it right by lending to people."
Ten percent of the 10,000 properties built by the company he works for are for sale today, never having been lived in and repossessed from the developer by the banks.
...The leftovers from the property boom and bust are on the block at bargain prices as the banks try to off load homes they got stuck with when over-ambitious developers went bust.
Paul Williams is a sales agent for properties in Murcia and hopes for buyers: "It's the one solution perhaps to the problem now to put these properties in the hands of owners. In most cases it's the banks that have that problem and they have the tools to help put it right by lending to people."
Ten percent of the 10,000 properties built by the company he works for are for sale today, never having been lived in and repossessed from the developer by the banks.
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