The British Consul in Malaga, Bruce McIntyre

The British Consul in Malaga, Bruce McIntyre, recently revealed his office now spends much of its time trying to help old and lonely expatriots who can no longer cope. “Sometimes people have made bad property investments or have not budgeted their pensions and are living in extreme poverty.” With the University of Barcelona warning that the price of the average home in Spain is set to fall 20% between 2007 and 2009, it seems more and more people could find their Spanish property dream turning into a nightmare.