Overseas property news - Madrid's trashy new tourist attraction

Madrid's trashy new tourist attraction

Madrid's most unusual hotel opening yesterday gave new meaning to the words, "That place was rubbish."

The Save the Beach Hotel, constructed of 12 tonnes of litter collected from Europe's beaches, will open to the public this weekend as part of the city's International Tourist Fair. Designed by German artist HA Schult, the hotel, located in the city's central Plaza de Callao, aims to raise awareness over pollution in the Med's summer tourist resorts. 

"It shows the damage that we are causing to the sea and Coast", said Schult. "We live in an era of trash, and we run the risk of becoming trash." Mexican beer brand Corona has also jumped on the campaign, giving competition winners the opportunity to spend the night in one of the hotel's five bedrooms.

The International Tourist Fair should prove to boost further foreign interest in the flagging Spanish market, where real estate prices remain at record lows. However, a report conducted by Spanish property portal Kyero found that properties in the bargain lower end of the market (50,000 euro and below) saw an increase in enquiries. 

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