Rotten To The Core: Spain s Housing Market In Crisis

Costa del Con: Spain s housing market is being crippled by a corruption scandal. For similar stories, see: Spain s Ancient Villages Up For Sale https://www.youtube.com/watch?v=zeZ7Y4fa6mI Will The UK Return Gibraltar To Spain https://www.youtube.com/watch?v=OAfSrE52eKg The Activists Turned Politicians Rewriting Spain s Democracy https://www.youtube.com/watch?v=wScawQtpecE Subscribe to journeyman for daily uploads: http://www.youtube.com/subscription_center?add_user=journeymanpictures For downloads and more information visit: https://www.journeyman.tv/film/3412/costa-del-con Like us on Facebook: https://www.facebook.com/journeymanpictures Follow us on Twitter: https://twitter.com/JourneymanVOD https://twitter.com/JourneymanNews Follow us on Instagram: https://instagram.com/journeymanpictures 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 Journeyman Pictures is your independent source for the world s most powerful films, exploring the burning issues of today. We represent stories from the world s top producers, with brand new content coming in all the time. On our channel you ll find outstanding and controversial journalism covering any global subject you can imagine wanting to know about.