Victor Sandulescu, a Romanian from Ramnicu-Valcea who settled in Madrid four years ago, says that at the moment, in Spain, there are no constructions under development.

Victor works in constructions, for a company that has over 300 employees and finds it harder to obtain new projects. "Constructions were irresponsably made, houses prices "jumped" a lot and now, because of the decrease in demand, new buildings are unnecessarry. Large and small companies suffer all together", said Victor.

His wife, Ioana, realised how severe is the real estate crisis: "We were in Romania for ten days, and when we came back, on the 22 of March, Victor was forced to stay home for another week, because his employer didn't have a project for him". Thousands of empty houses

Construction workers that have practice and residence right in Spain can change their workplace, if they can't find jobs in constructions, says Ioana, but the ones without legal papers will feel the effects of the real estate crisis. "There are no more jobs in the field and this situation affects many Romanians living here. The constructions market will probably rebalance in 2011", said Victor.

Officials datas show that in Spain, around 100.000 Romanians work in constructions with legal papers, and another 200.000 without forms. In Spain, massive home constructions and the high prices that are asked for them - being overrated with 20% according to IMF - led to the market's super-heating, writes Reuters.

In full world economic crisis, the Spanis banks are more caucious than ever when it comes to motgage credits, so the number of house buyers is dropping. So, at this moment on the Spanish market, thousands of houses stay empty and their price started to drop. Also, more and more spaniards preffer to rent a house rather than buy it.

Real estates developers that built these houses can't enterprise other projects, being forced to sack their employees, many of them Romanians. "We are being awakened from the properties dream and find ourselves in the middle of a situation where, for the first time in 10 years, prices are dropping in Spain", said Fernando Encinar, fouder of idealista.com website, that covers the real estate field.

Finally, Spanish constructors are trying to attract clients with tempting and novelty offers, like free cars or trips, in order to cut their losses.

Ireland follows

The situation in Spain is not isolate in the the European Union. In Ireland, another state with mortgage problems, taxi drivers complain that they face a strong competition from sacked construction workers, that, with no other available choice, started to drive taxis.

Houses prices in Ireland dropped, only last year, with 8%. In this country the real estate market is overrated, specialists even considering that Ireland has the highest overestimation rate among the developed states.

DEFICIT We need almost 150.000 workers

In Romania, the man power deficit in constructions is around 100.000 to 150.000 workers, according to bussines men estimations. The neccessary number of employees on construction sites is equal to 2007 figures, in the context of high development in the field. "A range of office projects that should of been finished by the end of last year were delayed for this year beacause of the lack of man power in constructions", said Cristian Parvan, secretary general of the Romanian Bussines Men Association (AOAR).

Analists believe that Spanish economy could stagnate it's raise this summer and the unnemployment rate could reach 11%. The most unnemployed will come from cronstructions, accordig to datas released by the Spanis bank BBVA.

In Spain, constructions represent approximately 20% of the country's gross domestic product, and it's the economy's most important engine, according to Reuters. In the last decade, 5 million houses were built in Spain, more than in Germany, Great Britain and France all together.