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

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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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Опубликовано:

20 авг 2024

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Комментарии : 209

@jamesmaclean3222 6 лет назад

greed has decimated the beauty of the costa del sol

@busterbiloxi3833 5 лет назад

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

@sugarpop7377 5 лет назад

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

@janettecoleman1714 5 лет назад

GREED HAS DECIMATED HUMANITY!

@allstardemon 8 лет назад

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

@juanra2835 7 лет назад

Yecora Madrid

@feltongailey8987 5 лет назад

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

@JonSmith-cx7gr 5 лет назад

"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 5 лет назад

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 5 лет назад

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

@TheFreshSpam 5 лет назад

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

@helenmark3214 5 лет назад

legal laundering with help from the ENABLERS > crooked lawyers

@mrsbee5056 4 года назад

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

@jeffreygorman8590 5 лет назад

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

@niklar55 5 лет назад

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

@Eitner100 5 лет назад

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.

@AvaT42 6 лет назад

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 5 лет назад

One word corruption its everywhere in Spain.

@53mojito 5 лет назад

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

@mickcarson8504 5 лет назад

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 5 лет назад

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

@henkoosterink8744 5 лет назад

One word: corruption.

@shanemanchester 5 лет назад

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.

@martiansurgery 6 лет назад

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

@bikinggal1 5 лет назад

oh you're so cute. Seriously?

@caranandrews3491 5 лет назад

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

@sugarpop7377 5 лет назад

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

@neiljennings1556 5 лет назад

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

@RCola729 8 лет назад

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

@mixn44 7 лет назад

on the final verge of going pop..

@CarlosAndres7 6 лет назад

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 5 лет назад

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

@grahamjohnson4702 5 лет назад

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

@throwachair 5 лет назад

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

@valdatriegaardt6310 5 лет назад

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

@cliffordsikora9841 5 лет назад

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 5 лет назад

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

@rsnankivell1962 5 лет назад

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 5 лет назад

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 .

@susanwhitehall7314 5 лет назад

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

@valdatriegaardt6310 5 лет назад

Susan Whitehall learn Spanish...then no need to read it

@maggihutchins1565 5 лет назад

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

@mikelkiparski638 5 лет назад

FRANCO ruled with an iron fist

@resnonverba3351 5 лет назад

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

@mikelkiparski638 5 лет назад

@@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 5 лет назад

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 .

@nicted9308 5 лет назад

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 5 лет назад

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.

@DiHandley 5 лет назад

Greed, greed, greed!

@casualagent7250 5 лет назад

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

@Theoobovril 5 лет назад

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.

@gringopapi6985 5 лет назад

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

@wanderingman8921 5 лет назад

Antarctica

@milesinnz 5 лет назад

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...

@hymlog 5 лет назад

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

@Fiona-hp4mw 5 лет назад

See Nomore You have seen trees running ?

@hymlog 5 лет назад

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

@bobnicholson9821 5 лет назад

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

@jaym-bu3cr 5 лет назад

bob nicholson do you miss Spain?

@bobnicholson9821 5 лет назад

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.

@mickcarson8504 5 лет назад

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

@sugarpop7377 5 лет назад

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 .

@amiausUSA 6 лет назад

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

@budvar45 5 лет назад

Second only to Mahou..

@casualagent7250 5 лет назад

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

@mikelkiparski638 5 лет назад

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 5 лет назад

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

@jaddy540 5 лет назад

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 5 лет назад

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 5 лет назад

@Marcos Alonso 🤣🤣

@mickcarson8504 5 лет назад

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 5 лет назад

@@mickcarson8504 and without englush and Scandinavian Spain is bunkrupt

@sugarpop7377 5 лет назад

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 .

@johnwignall5413 5 лет назад

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

@wanderingman8921 5 лет назад

Really makes you think...

@jasonmercieca451 5 лет назад

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. ....

@chrismalcomson7640 5 лет назад

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 5 лет назад

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 5 лет назад

@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 5 лет назад

@@resnonverba3351 Well said...

@resnonverba3351 5 лет назад

@@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.

@FeatheryBird 5 лет назад

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

@mrsbee5056 4 года назад

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

@sonofsun4 5 лет назад

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

@hannecatton2179 5 лет назад

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

@sugarpop7377 5 лет назад

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 . 😟

@helenmark3214 5 лет назад

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,

@funsweed 4 года назад

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

@Fiona-hp4mw 5 лет назад

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 4 года назад

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...

@marniep4332 4 года назад

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.

@jims9406 5 лет назад

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.

@suzyschwarz7023 5 лет назад

Nightmare!

@rossjon7423 5 лет назад

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 5 лет назад

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

@mrsbee5056 5 лет назад

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 5 лет назад

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".

@heathsavage4852 5 лет назад

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 5 лет назад

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 5 лет назад

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 .

@lostcreek163 5 лет назад

Rent don't buy!

@JUANKERR2000 5 лет назад

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

@adismell 5 лет назад

When was this documentary made? Pre-2009?

@c.coleman2979 5 лет назад

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

@Cheeseatingjunlista 5 лет назад

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

@blackvulcan100 5 лет назад

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

@toro64xxx 5 лет назад

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.

@justmissjamey 5 лет назад

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

@oliverbold9724 5 лет назад

2019 abril romanic calender.san Fulgencio Alicante Spain.

@franciscogabriel6773 6 лет назад

Spain is a south american country located in Europe

@bromcoenraads7590 5 лет назад

And the british own it

@lincolnpaul1814 5 лет назад

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

@GamingHarry 5 лет назад

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

@lewiscollins1045 5 лет назад

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

@heathsavage4852 5 лет назад

@@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.

@MrMagnusFogg 5 лет назад

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...

@kaiserrahman4701 5 лет назад

Sounds like Banana Republic!

@sailingsolar 5 лет назад

The builders build what the buyers want.

@7mallorca 4 года назад

Money Rules

@zizoboyheaven7779 5 лет назад

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

@chupachipchipachup7887 5 лет назад

Lolololololololo. Come to Malta please.

@tonymak9213 6 лет назад

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

@bikinggal1 5 лет назад

fighting a losing war!

@simonbolivar5596 5 лет назад

Ricachones muchas casas pocos hijos ; pobretones muchos hijos pocas casas

@paulkazjack 5 лет назад

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

4 года назад

God bless you for cheap moronic background jingle 🤮🤮🤮

@exnbcnco 5 лет назад

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!