In 2016 construction in Spain of 40,119 homes was completed, representing a fall of 11.1% compared to the previous year, according to data from the Ministry of Public Works.
Since the peak of 2007 (641,419 homes), the figure has dropped 94% compared to the end of 2016. Until April 2016, the number of finished floors registered year-on-year growth, but in May the trend changed and entered negative territory.
Of the total finished floors in 2016, 98.8% (39,654 private developers and 1.2% (465) public administrations).
With respect to a year before, the construction of flats of private developers fell by 11.6%, while in the case of public administrations there was an increase of 41.3%.
Among the private sector, 23,015 corresponded to commercial companies, with a year-on-year decrease of 10.7%; 14,364 to individuals and communities of owners (-7.8%), and 1,479 to cooperatives (-13%). In addition, there are 796 end-of-work visas from another type of private developer.
On the other hand, the liquidation value of the material execution of the works was moderated by 0.6% in 2016, with 6,205.7 million euros.
Europahus is a real estate agency located in the region of the Costa Cálida in Murcia. We have been helping people like you find the house of your dreams in Spain for 15 years. The same you are looking for properties and new work, second hand. Our close collaboration with a multitude of local real estate agents makes our catalog include all kinds of properties throughout the provinces of Murcia and Alicante.
Contact us if you are looking for the home of your dreams in Spain.