The housing crisis in Spain...a fresh approach

[0iD]

Spanish developers use offers to ease pain | Reuters

MADRID (Reuters) - Spanish builders are tempting cagey homebuyers with free cars, mortgage holidays and hard cash as they try to lift the gloom shrouding the crisis-hit housing sector. Some are also diving into the rental market.

At last week's annual property fair in Madrid, the number of promoters was down by a third on the previous year -- many of them victims of the deepening housing crisis. With fewer buyers milling between models of white-washed housing estates, there were scant queues to see sales representatives.

[ikonia]

The sleezy spanish scum bag (looks like a futurama character) on the poliarish world adverts suggests otherwise