Well that explains it doesn't it? One can cheaply employ your youth at bottom barrel wages and buy up or rent the real estate without competition with native professionals. And I'm not damning anyone who does that, it helps the locals more than them not coming at all. The Spanish government has more or less set up the incentives to play out this way -- that Spain is a place to come on holiday or to retire but not a place for native educated professionals to partake in business.