Dramatic plunge in cement use illustrates severity of Spain’s housing bust

The use of cement has fallen back to levels last seen in 1966

A few years ago, at the height of Spain’s property boom, Spain was pouring more cement in a year than the rest of Europe combined (according to a recent article in The Guardian, repeated in a blog post published by Forbes)

How the world has changed. The latest figures from Oficemen, the cement industry’s association, reveal that Spanish cement use in April fell 41pc in a year, taking it back to a level not seen since 1966, 46 years ago.

Cement producers are not exactly optimistic about the short-term outlook. Thanks the Spain’s monumental glut of new homes they don’t expect demand for cement to increase much in the next two to three years.

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About Mark Stücklin

Mark Stücklin is a Barcelona-based Spanish property market analyst, and author of the 'Spanish Property Doctor' column in the Sunday Times (2005 - 2008). He can be reached by email on ms@spanishpropertyinsight.com. All articles published in good faith as a general guide but no substitute for professional advice. Please read the SPI disclaimer

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