IN a bid to attract buyers for Spain’s million-plus unsold homes, the country’s Development Minister is embarking on a European ‘roadshow’ to promote the nation.
Jose Blanco will start his whirlwind five-nation tour in London on May 4 before travelling to France, Germany, Switzerland and the Netherlands.
According to a statement, his aim is to boost sales of existing Spanish holiday homes solving the problem of oversupply that is overwhelming the market.
He also wants to reassure investors of the ‘strength’ of the country’s economy and the ‘transparency’ of the housing market.
European investors have fled the market in recent years after Spanish developers built thousands of illegal homes during the real estate boom.
Many of these now face demolition in a mass cleanup by regional governments.