Increasing furniture sales are another sign that Spain’s low real estate crisis is drawing to a close.
Furniture sales in 2015 rose for the first time in seven years, with turnover up 5% year-on-year, according to the furniture industry observatory run by market research firm DBK.
Office furniture sales were up the most (11.6%), in itself a sign of economic growth, whilst home furniture sales were up 4.9% and kitchen outfitter sales up 4.2%.
Furniture sales are growing in the wake of increasing home sales – up 15% so far this year – as home buyers are the biggest consumers of new furniture. It’s another sign of a housing market recovery after seven years of declines.
DBK forecast that furniture sales will increase another 5% this year.
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