Madrid’s ghost towns revived as Spain’s housing crisis escalates

Madrid’s ghost towns revived as Spain’s housing crisis escalates
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Valdeluz, above, a development 75km east of Madrid originally envisioned to house 30,000 people, was abandoned a quarter of the way through when the property bubble burst. (Reuters)
Madrid’s ghost towns revived as Spain’s housing crisis escalates
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A boy walks on a street of Sesena, a development near Madrid, that gained notoriety as one of the so-called ‘ghost towns’ created when Spain’s property bubble burst in 2008. (Reuters)
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Updated 04 June 2025
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Madrid’s ghost towns revived as Spain’s housing crisis escalates

Madrid’s ghost towns revived as Spain’s housing crisis escalates
  • Sesena, a development near Madrid, gained notoriety as one of the so-called ‘ghost towns’ created when Spain’s property bubble burst in 2008
  • Sesena has been adopted as a commuter town as Madrid overflows, even though it is located in the neighboring Castile-La Mancha region

SESENA, Spain: The first call came two minutes after estate agent Segis Gomez posted a listing in Sesena, a development near Madrid that gained notoriety as one of the so-called “ghost towns” created when Spain’s property bubble burst in 2008.

Half-built and half-empty for more than a decade, these days the squatters have gone from this development 40 kilometers south of the capital and middle-class families, driven out of the city center by an acute housing crisis, are moving in. Construction, meanwhile, has restarted.

Demand is so strong in Sesena that Gomez has a waiting list of 70 people for each property. Property prices have recovered their original value after plunging to less than half during the crisis, he said.

As anger grows over the cost of housing in Spain, Prime Minister Pedro Sanchez has made providing affordable homes one of his main goals – even as he encourages population growth through immigration. The size of the challenge is clear in Madrid, which grew by 140,000 people in 2024, but only registered permits to build 20,000 new homes.

Short supply is being exacerbated by a boom in holiday lets, record migration and onerous planning laws.

“The problem is that we can’t match supply and demand quickly enough. So prices go up, or people have to trade price for distance,” said Carles Vergara, a real estate professor at IESE Business School in Madrid.

Sesena has been adopted as a commuter town as Madrid overflows, even though it is located in the neighboring Castile-La Mancha region and still lacks good transport links to the capital and public services, which caused homebuyers to reject it in the past.

Its founder and original developer, Francisco Hernando, had a vision of 13,000 affordable apartments with gardens and swimming pools on the Spanish plain where author Cervantes set his best-known work Don Quixote, but the project became a byword for speculative greed and corruption. Only 5,000 homes ended up being built. Hernando, who began his project in 2004, failed to tell homebuyers he hadn’t secured access to water or that the town had no public transport or schools. Hernando died in 2020.

When the market collapsed, initial investors saw the value of their property plummet, while many homes ended up in the hands of banks.

Madrid’s expansion

Today, Sesena teems with life as parents drop children at its three schools, drink coffee in its bars and visit recently-opened gyms and pharmacies. Impact Homes, a developer, is constructing 156 one-to-four bedroom apartments it expects to complete this year. Next door, another building has already pre-sold 49 percent of its units, it said in an email. “Sesena is at 100 percent,” said Jaime de Hita, the town’s mayor.

Nestor Delgado moved to Sesena in 2021 with his family from Carabanchel in south Madrid because an apartment cost 20 percent less to rent. In May, he bought a house with his wife for €240,000 ($272,808).

“We chose (Sesena) because we can afford it,” Delgado, 34, said.

The trade-off is rising before 5 a.m. (0300 GMT) to be among the first in the queue for the 6.30 a.m. bus to Madrid to arrive at his construction job by 8 a.m. or face an hour’s wait for the next bus.

Back to life

Other ghost towns are also coming back to life. Valdeluz, a development 75 km east of Madrid originally envisioned to house 30,000 people, was abandoned a quarter of the way through when the property bubble burst.

Mayor Enrique Quintana told Reuters the town’s 6,000-strong population is swelling with people from Madrid and could expand by 50 percent in the next four years.

A development on the edge of the village of Bernuy de Porreros, 100km north of Madrid, which as recently as six years ago was mostly abandoned, is now bustling with activity as handymen put the finishing touches on homes.

Lucia, a 37-year-old state employee, bought her house in April. Her daily commute to Madrid involves a 15-minute drive to the train station in Segovia and 28 minutes on the high-speed train, which costs her 48 euros for 30 trips thanks to a frequent traveler discount.

The development began to revive when Spain’s so-called bad bank Sareb, which was set up to take bad loans from the financial crisis, in 2021 began selling the homes for as little as €97,000. Four years later, one property was resold for double that, said resident Nuria Alvarez.

Until recently a relatively compact city, Madrid is on the way to becoming a metropolis like Paris or London, with commuter zones stretching beyond its administrative boundaries, said Jose Maria Garcia, the regional government’s deputy housing minister.

The metropolitan area’s population of 7 million will grow by a million in the next 15 years, the government estimates. Madrid has a deficit of 80,000-100,000 homes that’s growing by 15,000 homes a year and plans to build 110,000 homes by 2028, Garcia said.

Sesena, meanwhile, is once again dreaming big.

Its mayor, de Hita, said the town is securing permits for a new project dubbed Parquijote, with a proposed investment of €2.3 billion to build a logistics park that will create local jobs, along with 2,200 homes.

It’s no quixotic fantasy, de Hita said.

“This time we have learned from what happened,” he said. “It is fundamental that we look for growth by learning from the past.”


Trump threatens Russia with tariffs if war on Ukraine isn’t resolved within 50 days

President Donald Trump speaks during the White House Faith Office luncheon in the State Dining Room, Monday, July 14, 2025. (AP)
President Donald Trump speaks during the White House Faith Office luncheon in the State Dining Room, Monday, July 14, 2025. (AP)
Updated 21 sec ago
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Trump threatens Russia with tariffs if war on Ukraine isn’t resolved within 50 days

President Donald Trump speaks during the White House Faith Office luncheon in the State Dining Room, Monday, July 14, 2025. (AP)
  • “We’re going to be doing very severe tariffs if we don’t have a deal in 50 days,” the Republican president said
  • He said they would be “secondary tariffs,” meaning they would target Russia’s trading partners in an effort to isolate Moscow in global economy

WASHINGTON: President Donald Trump said Monday he would punish Russia with tariffs if there isn’t a deal to end the war in Ukraine within 50 days, the latest example of his growing frustration with Russian President Vladimir Putin.
Trump made the announcement during an Oval Office meeting with NATO Secretary-General Mark Rutte.
“We’re going to be doing very severe tariffs if we don’t have a deal in 50 days,” the Republican president said. He said they would be “secondary tariffs,” meaning they would target Russia’s trading partners in an effort to isolate Moscow in the global economy. “I use trade for a lot of things,” Trump added. “But it’s great for settling wars.” Besides the tariff threat, Trump and Rutte discussed a rejuvenated pipeline for US weapons. European allies plan to buy military equipment and then transfer them to Ukraine. Trump said there would be “billions and billions” of dollars purchased.
Rutte said Germany, Finland, Canada, Norway, Sweden, the United Kingdom and Denmark would be among the buyers to supply Ukraine. He said “speed is of the essence here,” and he said the shipments should make Putin “reconsider” peace negotiations.
Trump exasperated with Putin
Trump has long boasted of his friendly relationship with Putin, and after taking office in January repeatedly said that Russia was more willing than Ukraine to reach a peace deal. At the same time, Trump accused Ukrainian President Volodymyr Zelensky of prolonging the war and called him a “dictator without elections.”
But Russia’s relentless onslaught against civilian areas of Ukraine wore down Trump’s patience. In April, Trump urged Putin to “STOP!” launching deadly barrages on Kyiv, and the following month said in a social media post that the Russian leader “has gone absolutely CRAZY!” as the bombardments continued.
“It just keeps going on and on and on,” Trump said on Monday. “Every night, people are dying.”
Meanwhile, Trump’s special envoy to Ukraine and Russia, retired Lt. Gen. Keith Kellogg, met with Zelensky in Kyiv on Monday.
Zelensky said he had “a productive conversation” with Kellogg about strengthening Ukrainian air defenses, joint arms production and purchasing US weapons in conjunction with European countries, as well as the possibility of tighter international sanctions on the Kremlin.
“We hope for the leadership of the United States, because it is clear that Moscow will not stop unless its ... ambitions are stopped by force,” Zelensky said on Telegram.
Talks on sending Patriot missiles
Russia has pounded Ukrainian cities, including the capital, Kyiv, with hundreds of drones and cruise and ballistic missiles that Ukraine’s air defenses are struggling to counter. June brought the highest monthly civilian casualties of the past three years, with 232 people killed and 1,343 wounded, the UN human rights mission in Ukraine said. Russia launched 10 times more drones and missiles in June than in the same month last year, it said.
At the same time, Russia’s bigger army is making a new effort to drive back Ukrainian defenders on parts of the 1,000-kilometer (620-mile) front line.
Trump confirmed the US is sending Ukraine more badly needed Patriot air defense missiles and that the European Union will pay the US for the “various pieces of very sophisticated” weaponry.
While the EU is not allowed under its treaties to buy weapons, individual EU member countries can and are, just as NATO member countries are buying and sending weapons.
Germany has offered to finance two Patriot systems, government spokesperson Stefan Kornelius said Monday in Berlin. As far as other European countries financing more systems is concerned, that would have to be seen in talks, he said.
German Defense Minister Boris Pistorius was traveling to Washington on Monday to meet with Defense Secretary Pete Hegseth.
Germany has already given three of its own Patriot systems to Ukraine, and Pistorius was quoted as saying in an interview with the Financial Times that it now has only six.
’Weapons flowing at a record level’
A top ally of Trump, Republican Sen. Lindsey Graham of South Carolina, said Sunday that the conflict is nearing an inflection point as Trump shows growing interest in helping Ukraine fight back against Russia’s full-scale invasion. It’s a cause that Trump had previously dismissed as being a waste of US taxpayer money.
“In the coming days, you’ll see weapons flowing at a record level to help Ukraine defend themselves,” Graham said on CBS’ “Face the Nation.” He added: “One of the biggest miscalculations Putin has made is to play Trump. And you just watch, in the coming days and weeks, there’s going to be a massive effort to get Putin to the table.”
Kirill Dmitriev, Putin’s envoy for international investment who took part in talks with US officials in Saudi Arabia in February, dismissed what he said were efforts to drive a wedge between Moscow and Washington.
“Constructive dialogue between Russia and the United States is more effective than doomed-to-fail attempts at pressure,” Dmitriev said in a post on Telegram. “This dialogue will continue, despite titanic efforts to disrupt it by all possible means.”


Four confirmed dead in small plane crash at London regional airport

A plume of black smoke rises from an area near the runway after a small plane crash.
A plume of black smoke rises from an area near the runway after a small plane crash.
Updated 14 July 2025
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Four confirmed dead in small plane crash at London regional airport

A plume of black smoke rises from an area near the runway after a small plane crash.
  • Video footage had shown a 12-meter (39-feet) plane in flames with a plume of black smoke at Southend-on-Sea

LONDON: Four people were killed when a small plane crashed at a London regional airport at the weekend, UK police said on Monday.
The plane went down around 4:00 p.m. (1500 GMT) on Sunday, shortly after departing London Southend airport in southeast England for the Netherlands.
“Sadly, we can now confirm that all four people on board died,” Essex Police chief superintendent Morgan Cronin told reporters.
“We are working to officially confirm their identities. At this stage, we believe all four are foreign nationals,” he added.
Cronin said the force was interviewing dozens of witnesses, and detectives and forensic teams were working to “build an accurate picture of what happened.”
He added that the airport “will remain closed until further notice.”
Video footage had shown a 12-meter (39-feet) plane in flames with a plume of black smoke at Southend-on-Sea.
Police evacuated a nearby golf club and rugby club as a precaution.
According to the BBC, the plane was a Beechcraft B200.
Southend-on-Sea is about 65 kilometers (40 miles) east of the capital, and its airport is the sixth largest in the London area.


Japanese FM offers support for Palestine in talk with Salameh

Japanese Foreign Minister IWAYA Takeshi met with Estephan Anton Salameh, Minister of Planning and International Cooperation.
Japanese Foreign Minister IWAYA Takeshi met with Estephan Anton Salameh, Minister of Planning and International Cooperation.
Updated 14 July 2025
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Japanese FM offers support for Palestine in talk with Salameh

Japanese Foreign Minister IWAYA Takeshi met with Estephan Anton Salameh, Minister of Planning and International Cooperation.
  • Iwaya reiterates Japan’s support for a two-state solution for Palestine and its commitment to assisting Palestinian state-building efforts

TOKYO: Japanese Foreign Minister IWAYA Takeshi met with Estephan Anton Salameh, Minister of Planning and International Cooperation of Palestine, at CEAPAD IV and expressed his hope that the conference would contribute to promoting CEAPAD’s objectives of expanding assistance to Palestine.

The Fourth Ministerial Meeting of the Conference on Cooperation among East Asian Countries for Palestinian Development (CEAPAD IV) was held in Kuala Lumpur and Foreign Minister Iwaya reiterated Japan’s support for a two-state solution for Palestine and its commitment to assisting Palestinian state-building efforts.

According to the Foreign Ministry in Tokyo, Minister Salameh expressed his appreciation for Japan’s continued support for Palestine, including through its initiatives such as CEAPAD. He also elaborated on the grave humanitarian situation in Gaza, stating that an immediate ceasefire is essential for advancing Palestinian development.

Iwaya expressed deep concern over the humanitarian situation in Gaza and stated that Japan has been calling for a ceasefire in Gaza as soon as possible.


Nigeria’s former leader Buhari to be buried on Tuesday, official says

Nigeria’s late former President Muhammadu Buhari will be buried in his northern home state of Katsina on Tuesday. (File/AP)
Nigeria’s late former President Muhammadu Buhari will be buried in his northern home state of Katsina on Tuesday. (File/AP)
Updated 14 July 2025
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Nigeria’s former leader Buhari to be buried on Tuesday, official says

Nigeria’s late former President Muhammadu Buhari will be buried in his northern home state of Katsina on Tuesday. (File/AP)

LAGOS: Nigeria’s late former President Muhammadu Buhari, who died in a London clinic on Sunday aged 82, will be buried in his northern home state of Katsina on Tuesday, the state governor said.
Buhari, a former military ruler after a coup in the 1980s, returned to frontline politics to become the first Nigerian president to oust an incumbent through the ballot box in 2015. He was re-elected for a second term four years later.
Nigeria’s Vice President Kashim Shettima and government officials were in London on Monday to organize the repatriation of the former president’s remains.
Katsina state governor Dikko Umaru Radda said after consultation with Buhari’s family it was agreed the body would arrive in Nigeria on Tuesday for burial the same day in his home town of Daura.
Among those who paid tribute to Buhari was Indian Prime Minister Narendra Modi, who posted on X platform that “his wisdom, warmth and unwavering commitment to India–Nigeria friendship stood out.”
Buhari earned a devoted following for his brand of anti-corruption conviction politics, especially in Nigeria’s largely Muslim north.
He referred to himself as a “converted democrat” and swapped his military uniform for kaftans and prayer caps.
Ibrahim Babangida, another former military ruler who toppled Buhari in a coup in 1985, said he knew Buhari as a deeply spiritual and humble man.
“We may not have agreed on everything — as brothers often don’t — but I never once doubted his sincerity or his patriotism,” Babangida said in a statement.
After leaving office in 2023, Buhari spent most of his time in Daura, away from the public eye.
His successor Bola Tinubu inherited a country grappling with double digit inflation, foreign exchange shortages, economic hardship, low oil production and insecurity that had spread to most parts of Nigeria.
Buhari’s supporters, however, viewed him as Nigeria’s conscience because he had a reputation for shunning the corruption and ostentatious lifestyles often associated with the country’s political elites.
To his critics, Buhari was “an absentee landlord — a leader who governed by delegation, who disappeared for long stretches (often to London for medical treatment), and whose aloofness felt like abandonment,” the local BusinessDay newspaper said.


111 monsoon-related deaths in Pakistan since late June: disaster agency

A man along with a child carrying umbrellas walks along a street during monsoon rains in Islamabad on July 14, 2025. (AFP)
A man along with a child carrying umbrellas walks along a street during monsoon rains in Islamabad on July 14, 2025. (AFP)
Updated 14 July 2025
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111 monsoon-related deaths in Pakistan since late June: disaster agency

A man along with a child carrying umbrellas walks along a street during monsoon rains in Islamabad on July 14, 2025. (AFP)
  • Data from the national disaster agency between June 26 and July 14 showed that electrocution was the leading cause of fatalities, followed by flash floods

ISLAMABAD: Monsoon rains in Pakistan have been linked to more than 110 deaths including dozens of children since they arrived in late June, according to government figures released Monday.
Data from the national disaster agency between June 26 and July 14 showed that electrocution was the leading cause of fatalities, followed by flash floods.
In late June, at least 13 tourists were swept to their deaths while sheltering from flash floods on a raised river bank.
In its latest report, the disaster agency said 111 people including 53 children have been killed, with the highest number of deaths in the most populous province of Punjab.
Meanwhile, the national meteorological service has issued a warning for further heavy rainfall in the northern and eastern regions of the country, with the potential for urban flooding, landslides, and infrastructure damage due to strong winds.
Monsoon season brings South Asia 70 to 80 percent of its annual rainfall, arriving in early June in India and late June in Pakistan, and lasting through until September.
The annual rains are vital for agriculture and food security, and the livelihoods of millions of farmers.
But it brings with it flooding, landslides and causes buildings to collapse.
South Asia is getting hotter and in recent years has seen shifting weather patterns, but scientists are unclear on how exactly a warming planet is affecting the highly complex monsoon.
Pakistan is one of the world’s most vulnerable countries to the effects of climate change, and its 240 million residents are facing extreme weather events with increasing frequency.
In 2022, unprecedented monsoon floods submerged a third of Pakistan and killed 1,700 people, with some areas yet to recover from the damage.
In May, at least 32 people were killed in severe storms, including strong hailstorms.