12 Mar, 2010 @ 12:07
1 min read
3

Hurting homeowners

HOME repossessions in Andalucia were the highest in Spain last year.

The region topped the table with around 16,000 people losing their homes through mortgage default.

Around Spain, some 90.000 households couldn’t afford to pay their mortgage.

This year however, the number is expected to rocket to a massive 181,000 repossessions, over ten times what it was in 2006.

Catalonia and Valencia were the next highest areas for repossessions with both seeing more than 10,000 homes lost.

With unemployment around 20 per cent the Spanish recession is not expected to be over until next year.

Jon Clarke (Publisher & Editor)

Jon Clarke is a Londoner who worked at the Daily Mail and Mail on Sunday as an investigative journalist before moving to Spain in 2003 where he helped set up the Olive Press.

After studying Geography at Manchester University he fell in love with Spain during a two-year stint teaching English in Madrid.

On returning to London, he studied journalism and landed his first job at the weekly Informer newspaper in Teddington, covering hundreds of stories in areas including Hounslow, Richmond and Harrow.

This led on to work at the Sunday Telegraph, Sunday Mirror, Standard and even the Sun, before he landed his first full time job at the Daily Mail.

After a year on the Newsdesk he worked as a Showbiz correspondent covering mostly music, including the rise of the Spice Girls, the rivalry between Oasis and Blur and interviewed many famous musicians such as Joe Strummer and Ray Manzarak, as well as Peter Gabriel and Bjorn from Abba on his own private island.

After a year as the News Editor at the UK’s largest-selling magazine Now, he returned to work as an investigative journalist in Features at the Mail on Sunday.

As well as tracking down Jimi Hendrix’ sole living heir in Sweden, while there he also helped lead the initial investigation into Prince Andrew’s seedy links to Jeffrey Epstein during three trips to America.

He had dozens of exclusive stories, while his travel writing took him to Jamaica, Brazil and Belarus.

He is the author of three books; Costa Killer, Dining Secrets of Andalucia and My Search for Madeleine.

Contact jon@theolivepress.es

3 Comments

  1. Ben@ The Banks reposses and auction the house off.However its Bank and Government policy to keep the house prices inflated. the more you lend the more you make!its not in the capatilists interest to have house prices back to real people and real money earned and spent. they alllive in LALA land .the banks fix the reerve very high so thwy dont sell.they then try to rent it out at inflated rental prices .and create homeless nesss and poverty !!! fight back dont rent squat!

  2. This figure for unemployment is totally bogus.

    Read Granada Hoy they quote 32%. Even the government admits to 25% – so where does this 20% figure come from?

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