The European research office Eurostat has released figures that show production in Spain’s construction sector’s grew by 4.4% from April to May, the largest rise in the EU. The year on year rise for May was 8.8% an increase that was only bettered by Hungary with an 11.1% rise.
The increase comes as a rare piece of positive news for Spain’s beleaguered construction sector which has been hit incredibly hard by the financial crisis.
The Spanish figures were much better than European averages. The Eurozone saw a 0.3% decline from April-May in the production of its construction sector and the figure for the EU as a whole was -0.2%, the year on year statistics for May showed a 5.1% fall for both the EU and Eurozone.
Spanish construction increased production by 4.4% from April to May
there must be a couple of hundred houses (€2,000,000 min) under construction in marbella and a few urbanizations are being started as well. Los naranjos de marbella have just started clearing land to build 24 townhouses……. houses are mainly end users but townhouses?? I guess buyers love new build ??