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Tag: Crisis Recovery

Published on Leave a comment on Construction Industry Shows Signs of Recovery in Malaga Province

The construction industry is beginning to show signs of life again, thanks to the high-end property sector, which so far this year has experienced a growth which is even greater than that achieved in 2012.

1227230 18740474 1 300x199 - Construction Industry Shows Signs of Recovery in Malaga ProvinceAccording to figures from the DOM3 association, which encompasses 23 companies related to the construction of this type of property, 60 houses costing more than one million euros were built in 2011 in the triangle formed by Marbella, Estepona and Benahavís, with a global investment of 250 million euros, while 2012 ended with 75 houses built and 300 million euros invested. That was a 20 per cent increase in the number of properties, but this year, growth in this sector is even higher.

The president of the association, Sofía Polo, attributes this growth above all to flourishing foreign markets and greater confidence in the Spanish economy from those who are considering investing in this country. Another factor that permits this sector to perform better lies in the easy access to credit for this segment of the market and the fact that a high percentage of buyers do not need bank financing.
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Published on 1 Comment on Forecasts for the commercial real estate market in Spain improve

Although Spain continues to be affected by the uncertainty that has impacted the country over the past five years, an economic recovery does now appear to be closer and forecasts for the real estate market have improved.

4 Torres Madrid 300x191 - Forecasts for the commercial real estate market in Spain improveIt is expected that the Spanish economy will continue to contract over the coming months, and the fall in GDP in 2013 is projected to be similar to that of 2012, with the economy shrinking by around 1.6% and domestic demand is expected to remain weak but this will be partially offset by a more positive contribution from external demand, the report says.

GDP forecasts for 2014 indicate that growth will be close to 0.5%, boosted by an expected improvement in the global economy. The outlook will also be aided by the measures taken by the European Central Bank (ECB) to stabilise and ensure the survival of the Euro. ...continue reading "Forecasts for the commercial real estate market in Spain improve"