Market Report, "Construction in Spain – Key Trends and Opportunities to 2019", published

Timetric’s Construction in Spain – Key Trends and Opportunities to 2019 report provides detailed market analysis, information and insights into Spanish construction industry including:

* The Spanish construction industry's growth prospects by market, project type and type of construction activity
* Analysis of equipment, material and service costs across each project type in Spain
* Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Spanish construction industry
* Profiles of the leading operators in the Spanish construction industry.
* Data highlights of the largest construction projects in Spain

Report Highlights

* Residential construction demand was weak in Spain during the review period, as indicated by the sluggish economy, high unemployment rate and contacting disposable incomes, leaving the nation with excess housing stock and incomplete projects. The Spanish real estate market was adversely affected by the European debt crisis, and property prices have been variable since 2007. However, the Spanish housing market is on a path to recovery, as evidenced by 0.2% increase in house prices in nominal terms in the fourth quarter of 2014 compared to the previous quarter of the same year. Moreover, the residential construction market is anticipated to flourish over the forecast period, as foreign investors look to purchase both new and second-hand properties.
* Transport infrastructure in Spain is highly developed, but the government is keen to continue a process of modernization and expansion. After six years of recession in the Spanish economy, the government has planned to increase investment spending in the 2015 state budget by 8.8% to reach EUR9.5 billion (US$12.9 billion). The infrastructure construction market is therefore projected to grow over the forecast period, supported by government focus on rail and road infrastructure.
* The country’s expanding population and improving economic conditions continue to generate demand for infrastructure development. In 2012 the Spanish Ministry of Public Works and Transport introduced the Infrastructure, Transport and Housing Plan (PITVI) 2012–2024, through which the government plans to increase annual investment in railways by 13.7%, to EUR5.2 billion (US$7.0 billion) in 2015.
* A trend of recovery in the country’s non-residential real estate activities is anticipated to strengthen in line with the economic recovery in 2015. According to Eurostat, the Spanish building construction output rose by 7.0% in the second-quarter of 2014 compared to the previous quarter. The outlook for commercial real estate activities is expected to be favorable over the forecast period on account of improving lending activities and progress in labor market conditions, with the generation of 425,000 jobs in 2014.

Full Report Details at
- http://www.fastmr.com/prod/1002715_construction_spain_–_key.aspx?afid=301

Report Scope

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