Abandoned Homes Haunt Spain’s Banks

© Lourdes Segade for The New York Times

About an hour car ride outside of Madrid, , is a tiny rural village that just a few years ago had high hopes for an abundant housing market. is now an example of the economic crisis that has affected the growth of cities. With an excess of 250 row houses, of which only 50 are settled, bad debt has caused these new homes to fall into disrepair with concrete chipping off the buildings, stolen piping, radiators and doors and ghostly empty streets.

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