Developers slash prices on Spanish golf development

[Nicholas Wallwork]

Spanish developers are offering substantial discounts on certain properties to clear a backlog of unsold apartments. As the Spanish property market faltered, the bigger you were the harder you fell and heavyweight developers such as Polaris World found themselves in serious financial difficulties. Now its main creditors, a consortium of four banking entities, are clearing [...]

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[LaurenX]

What a mess! I feel sorry for all of those investors that now have little or no hope..... Its going to take a long time for that problem to be solved I think

 

[DC]

Like all investments, people tend to do their research and due diligence before investing. With many investments, there are risks and rewards, but spain for the majority has been a tough market.