Social consequences of the economic model based on credit. Geography of foreclosures in Menorca

The process of housing losing that is shaking part of the population as a consequence of foreclosures it is seen as part of a strategy of home dispossession that literature called new urban enclosures. To analyze the process the example of Menorca is presented. It is shown trough varying degrees of geographical resolution of the foreclosures, reaching the level of street. The analysis is linked to the credit policy that fueled the bubble and to the geography of different social status of the island.The results show how the cities, and the areas of lower social status, is where the process of home dispossession by foreclosures was bigger, while in rural areas where most heterogeneous population lives, the impact of social status the crisis has been less.