Third Place
Andres Kudacki
Associated Press
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"Spain: A National Housing Crisis"
This series chronicles the ongoing housing crisis in Spain which is a fallout from the overall financial crisis the country has been experiencing since the building market crashed in 2008.
Spain National housing crisis: With the unemployment at over 26% wage cuts and precarious work conditions thousands could not manage to make mortgage payments, pay rent and they end up facing evictions. Some others have been victims of the real state speculation that linked the private companies with the government producing forced expropriations of their own houses. In Madrid also the more vulnerable parts of the society are suffering the government's austerity measures applied by starting to sell the property assets of the state's social housings companies, which are suppose to give housing alternatives for people in needed. More than 350,000 families have been evicted from their homes since Spain's building market crashed in 2008. A family picture is seen as a family, unseen, waits to be evicted from their home, in Madrid, Tuesday, April 9, 2013. 18 members of her family have been ask to leave their home as they owe euros 2.600 with the Madrid Housing Institute.The eviction was finally suspended.
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