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Global 3000

Spain: The dashed dreams of immigrants

Over the past few years, Spain has become home to hundreds of thousands Latin American immigrants. They thrived there during the construction boom era, but now that the real estate bubble has burst, their dreams have been wrecked.

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Around a half million Ecuadorians lived and worked in Spain, but now they’re leaving in droves. Hipatia Condor and her family are among those returning home with little but the clothes on their backs. Over the past decade, they paid off nearly 100,000 euros of their mortgage in Spain, but the bank says that barely covers the interest.