Word: benalmadena
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...bought 20% of the 650,000 new housing units that went up in Spain. They are drawn more than anything by the prospect of vacations or retirement in "Europe's Florida." "It's a question of supply and demand," says Karl Morris, managing director of Simple Overseas Properties in Benalmadena, near Málaga. "Flights are getting cheaper and Brits, Germans, Irish or French, for example, can be in Málaga in less than 21/2 hours. Many of them come once for a month or six weeks and then decide to retire to Spain." But the boom is flattening...
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