After posting this morning on the Spanish building constructor Martinsa-Fedesa going out of business, I now come across a report that Ballantyne Homes called in the administrators earlier this month leaving, amongst other things, part-built housing estates in Port Talbot and Pembrey, and a half-built block of flats in Cardiff.

BBC

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Bit like Golf Del sur then, without the sun !

This pattern will become more profuse in the coming months, I am afraid

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watching ''newsnight'' last night was worse than any horror movie. Whats going on in the states is beyond belief and if you believe what some are saying its the start of the worst slowdown in history.

Do you mean with property, alphyra?

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Janet Anscombe Associates
The Tenerife Experts
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yes, but not just property. They think the big two mortgage lenders last week who had to be bailed out by the goverment are just the tip of iceberg and there are a lot of very rich people betting big money it will get a lot worse.

http://news.bbc.co.uk/2/hi/programme...ht/default.stm

It supports the old adage of "Follow the Money"