Tuesday, April 5, 2011

Mr. Zapatero and Spain's economy

Some of us still remember the real estate boom in Spain as the good times when pensioners from all over Europe settled all along Spain’s Mediterranean Coast, creating much activity and new jobs in the real estate and building sectors and new markets for all sorts of other services and activities.
Now, as Mr. Zapatero, along with the rest of Spain’s government, is struggling to get over a crisis which seems like an economic quagmire, the boom we saw just a few years ago seems unreal.
But it was real. And why shouldn’t pensioners move to sunny Spain and settle there to relax and enjoy their retirement? Well, this is where the property scandals like Trampolin Hills and many others play a key role. It should not be so difficult for Spain’s government to understand that as soon as they show it is safe to buy property in Spain, we might very well get a new boom, and the ghost towns of unsold property all along the coast might be filled with happy pensioners, busy spending their pensions buying Spanish services and goods.
Mr. Zapatero should understand that the first step to improving Spain’s economy is showing it is safe to buy property in Spain, and that buyers do not risk losing their hard earned life savings because the company suddenly goes bankrupt or the authorities suddenly decide to demolish your home after finding the building permit they issued to be invalid.
As Marta Andreasen points out (see link): “We want a solution now“.
If you, as a buyer of property in Trampolin Hills, wish to, with all due respect, draw to Mr. Zapatero’s attention the importance of showing that buying property in Spain is safe, then you can write to the following email address: jlrzapatero@presidencia.gob.es

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