The Great Recession in Spain

In our 2013 and 2014 Caminos it was clear what a bad economic state Spain was in. Maintenance was neglected. We saw literally hundreds of abandoned buildings and lots more that were completed but empty. People were depressed about it.

This trip has been very different. Maintenance has been excellent and we see lots of building. But as we got into Cantabria we did start noticing more “for sale” signs and abandoned buildings. For example, Laredo has a large beach with block after block of high rise condos on it that are 95% empty. I don’t know if Cantabria had it worse or recovered slowly or what. But still things mostly look pretty good, even in Cantabria. We are glad for Spain.