Jürgen Nefzger

Spain 2011-12

In 2008, the credit crunch in Spanish banks caused the property bubble to burst.
Tens of thousands of unsold apartments and development sites have turned into new ghost towns around Madrid.The fantasies developers used to project onto these semi-arid landscapes now seem outdated. These towns have been suddenly demoted to ruin status, and evoke a future devoid of any prospects.