Developers are resorting to drastic action to get rid of unsold stock.

Property crisis leads to social housing in luxury new developments

The downturn in the Spanish property market is forcing developers to adopt creative solutions to off load their stock of unsold properties. In some cases this means offering subsidised social housing on luxury golf developments. …

This entry was posted on Wednesday, May 7th, 2008 at 5:08 pm and is filed under spanish property news. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.