¿Construction bubble?

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¿Construction bubble?

In April the Spanish Central Bank ECB and the European Statistical Agency Eurostat made public the balance of the year 2017 as regards housing prices both new construction and second-hand noting the moderate housing market recovery. After discounting inflation the ECB established the average price increase for new home in a 6% and for second-hand housing in 6,4% (half point in the first case and almost a point for the second than in the previous year, he 2016). A) Yes, Appraisal company established the price per square meter in Malaga 1.506 euros.

Moreover Eurostat reports that February broke building a downline in the number of homes built, these became increase by 2,8% compared with the same month 2017. Of course, experience should make us be very cautious but some data point to a recovery in the construction sector. The INE estimates the number of purchase and sales in the first half of 2017 en 235.672, more than in the same period last year.

A) Yes, the Ministry of Development in their statistics indicates that 2017 construction employed a million two hundred seventy eight thousand people, that is, a 3,5% plus, highlighting the increase of 16,61% in the number of women. In April this year the minister announced a new Housing Plan that contemplates a substantial increase in investment to reach 1.443 millones de euros, including incentives and grants, Always according to government estimates, will benefit 557.109 families. The plan places special stress upon rehabilitation and accessibility improvements providing aid of up to 75% Of value.

So it seems that a new scenario full of possibilities opens. In Inergia we are ready to face the future We are growing building!