Yes some enterprises have shut down recently, but I think that reflects the pattern of life in a seaside town, especially one that relies on meeting the demands of its visitors for trade. Even now new bars and cafes are opening and people moving into the town with new business ventures.
What is certain is that many of the building sites ( apart from those in key sites near the promenade or town centre ) are now deserted and the workforce withdrawn. This situation has been caused by building well over capacity - the market can not take the strain ! plus worries about security of tenure - as outlined in the Press over the last few months !
A quick trip around the estate agents will reveal many properties have been on the market for a long time - some of these now have reduced selling prices - in some cases as much as 20,000 Euros.
It would appear that in Spain double the amount of property has been built than is needed ???
So watch this space as they say ....... !!