Spain Ghost Housing
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Spain Ghost Housing

In this Thursday Feb. 9, 2012 photo a pedestrian crossing sign stands on an empty street in Sesena in the Toledo Provence, near Madrid Spain. Only a 45-minute drive from downtown Madrid, towering vacant apartment blocks loom over empty streets and weed-filled lots. Apartments galore are for sale and rent, and prices are plunging. More than 13,000 apartments were supposed to go up here to create a mini-city for 30,000 people. But only 5,100 were built, many are uninhabited and most commercial storefronts in the mega-development are bricked shut. Spain's phenomenal real estate crash and economic implosion has turned what was supposed to become a vibrant suburban paradise for young Spanish couples and their children into one of the most visible monuments of the country's real estate boom gone bust. (AP Photo/Paul White)

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120209042825
February 09, 2012 09:58:33 AM
February 16, 2012 09:05:27 AM
Paul White
AP
ASSOCIATED PRESS
THURSDAY FEB. 9, 2012 PHOTO;R26125;
4896 x 3264 1.3 MB
Sesena, Spain
PW103
STF
PW BJ**LON** WS**LON**

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