Where do they get all the money?
One thing that’s very noticeable in Valencia is that everywhere you see employment vacancy signs which implies quite a strong local economy.
As in other places in Spain there’s building work going on just about everywhere but it doesn’t seem so intrusive as it does in some cities (notably Madrid) with many quiet areas around the city. There’s more of a laid-back feel about the city too: everyone is certainly going somewhere yet they’re not going at the hectic pace you often see in Barcelona.
With the building work, there’s certainly money to be made in property speculation of course and the apartment we rented was owned by a relatively young Spaniard.
And the banks? It seemed like almost wall to wall banks in most of the central area of the city. Both more branches and a much wider variety of banks that I’ve seen anywhere outside London. They’re all competing for business too with many offers available on loans, credit cards and so on.
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