- The nose-diving currency exchange rate of the sterling turn Britons into residents with no spare cash to spend
- Most Britons bought cheap flats on the conspicuously over-concreted costas that do not have a way back to the market anymore
- The increasing defaults of British expats with low incomes that can not pay their mortgages weight on the provisions that Spanish banks need to raise to meet banking standards by the Banco de España
Costa del Despair – British expats in Spain
Posted by
on April 26, 2010