The statue of the parents of Francisco el Pocero, constructor of the Residencial Francisco Hernando housing complex in Sesena. El Pocero planned to build the biggest housing development in Spain with 13,508 homes. However, only 5,096 were permitted to be built, and only 750 people have been registered so far. Due to favourable interest rates and readily available mortgages, Spain experienced a construction boom in the years leading up to 2008. The financial crisis of 2008 caused the real estate bubble to burst leaving millions of homes and other buildings vacant.