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Flocking to Spain

Wednesday, 1 August, 2018

Holidaymakers in Spain are getting more than they bargained for these days. Typical seaside scenes now involve African migrants jumping off dinghies onto packed beaches before asking stunned tourists for food and then heading over the dunes.

But it’s not just the victims of Africa’s dysfunction that are flocking to Spain. Venezuelans of means, fleeing the ruinous chavecismo of their homeland, are pitching up on Madrid’s property market. According to the New York Times, On Spain’s Smartest Streets, a Property Boom Made in Venezuela:

“During a walk around Salamanca, an upmarket district of the Spanish capital, Luis Valls-Taberner, a real-estate investment adviser, pointed out on almost every street a building that he said a wealthy Venezuelan had recently acquired.

Mr. Valls-Taberner would not identify the buyers. Some properties, he said, were purchased through investment companies based in Miami or elsewhere — but the money always came from Venezuela.”

By dinghy or by jet, many of those wishing to escape the most corrupt and decrepit places on Earth, especially the failed states north and south of the Sahara, are streaming into Spain, and the country’s new socialist government, like most of its EU counterparts, seems unwilling to discuss the fact that Africa’s population, now about 1.26 billion, is expected to double by 2050. Expect bigger dinghies.


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