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Just checked on Idealista - flats in that area go for well over 300K - not a run down area by any means, although it is on the outskirts of town. There's no way that was being used to house poorer people, it's a medium priced, newish, block to house all the new families moving to Valencia for jobs in IT, banking and the airport.
I don't want this thread to derail the Grenfell subject, so I'm putting this here rather than make another entry:
https://english.elpais.com/spain/2024-02-23/high-rise-complex-consumed-by-fire-in-spain-was-made-in-2008-with-innovative-materials-by-a-developer-that-went-bankrupt.html
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I looked at the area, too, although I was only talking about this one block. Perhaps @beseku, who lives in Valencia (unless he's moved) can tell us more. My impression was that this was a failed venture (developer went bankrupt, very badly designed at ground level, etc.) that was used as cheap housing, including for refugees--temporarily, perhaps, and I'm sure it was never meant to be that way, but these things happen. Very happy to be proven wrong.
Five confirmed dead now.
This is/was the block:
https://www.google.co.uk/maps/@39.4831153,-0.4019264,3a,69.8y,195.33h,105.12t/data=!3m6!1e1!3m4!1sLK2SoF0w-2FUm1_6ckZmRw!2e0!7i16384!8i8192?entry=ttu
It's located on a major roundabout, with empty commercial units on the ground floor and graffiti over the windows, is said to have housed Ukrainian refugees, among other presumably poorer people. Definitely similarities with Grenfell.
This must lead to Europe-wide action to tackle this problem much faster. The glacial pace of change in the UK should serve as a warning.