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Stock Photo: Ghost Town

ID 21144780 © Ericcrama | Megapixl.com

Thousands of uninhabited apartments in a brand new residential area not far from Madrid. Because of the crisis and property bubble in Spain, many construction projects like this one remain nearly empty. The Spanish refer to them as ´ghost towns´.

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KEYWORDS

area bubble building construction crisis deserted desolate development economic economy empty europe financial ghost madrid project residential spain spanish town uninhabited unsold urban

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