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October 22, 2013

In Spain the construction resumes

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In Spain the construction resumes

Over the past year, the construction companies in Spain increased its production activities by 7%. Thus, the country is gradually resumed construction of a new residential and commercial real estate.

This figure was the third largest among the countries of the European Union. According to the inter-annual indicators, construction activity in Europe fell by 2.5 %, while in the area of the single euro coins, the decline of construction has become more prominent, by 4.7 %.

Despite the fact that in general, the country's real estate market is in decline and prices continue to fall, construction activity in Spain starts renewed. According to official data, the European statistics agency Eurostat, in 2013 the Spanish began to build the property at 7% more than the year before .

If you take the whole euro area, in the past year, construction activity fell by 4.7%, while in Spain there was one of the most notable “resuscitation” of the construction.

Compared with July month increase in the activity of construction companies in Spain occurred in 1.1%.

Also according to the statistics agency Eurostat, the volume of economic activities of construction companies in August 2013 increased by 0, 5%, compared with the previous month. At the same time, in July 2013 construction rose by 1.3 % compared to May , but inter-annual performance was recorded decline in activity of 2.5% ,

Based on these data it is possible to speak about the gradual return of Spanish construction companies to be active . This situation contributes to increasing foreign investment in the real estate market in Spain.

Among the countries of the European Union for which the statistics were obtained for the construction of August 2013, the building as a whole has increased on the 7 countries and decreased in 8- countries. The most significant rises occurred in Portugal (+10.8 %), Sweden (+4.8 %) , Hungary ( 4% ) and Italy (+3.4 %).

In countries such as the Czech Republic, Slovenia and Germany, by contrast, were registered the most notable declines in construction, -3.6 %, -2.8 % and -1.9 % respectively.

According to statistics in the annual cross-sectional , then here are the most notable ups occurred in : Hungary ( +14.6% ), Romania ( +8.9% ) and Spain ( 7 % ), the decay of the leading Portugal ( -12.8 %) , Italy ( -10.6 %) and Bulgaria ( -9.5 %).

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