Monday, March 12, 2012

SPAIN - WHAT IS HAPPENING TO IT ?

Poor old Spain.  It really is struggling.  Take some time and walk around the southern coastal areas.  What's evident?  What's evident is that a lot of building has been going on over the past few years but a lot of selling has not.  .......O.K.  When was the last time you saw loads of Spanish tourists outside of Spain?  Well there are some; mostly in USA.  But the average Spaniard seems to take a flat by the sea and hang out there when they have the time.  And who can blame them when they have such a beautiful country and coastline?   In their droves over the last twenty years or so other Europeans cashing in on the beauty seem to have purchased similar flats, duplexes and better.  But no longer.  Building has come to a virtual standstill.  So if you do want to buy property in Spain it's there for the taking.  Well, there for the taking when the unfortunate owners are eventually forced to sell because of their particular predicament.   Now on its own this is not necessarily anything to get worked up about..  Taken with other evidence of stagnation it may be.  Unemployment seems to be at a dangerously high level, and in particular a high level in the younger age groups.  Poor quality graffiti also appears to be at an all time high, and coupled with beautiful streets defaced with doggy dos ( my euphemism is an attempt at being kind ) I begin to wonder what has happened to Spanish pride.  It's the possible loss of pride which is the major concern.  There's a lot of talk about the Greek, Italian and Spanish problems.  And Spain I'm led to believe would be last of these three to fall.  Well let's hope that none of them "fall".  But sadly I wouldn't bet on it.

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