Government: Construction Growth Will Return In 2015

18 February 2015 – www.pisos.com

2014 was the turning point both in terms of residential housing and construction

The construction sector will be an engine of growth for the Spanish economy once again in 2015. Such was the confidence shown by the Secretary of State for the Economy and Business Development, Iñigo Fernández de Mesa, about this sector, which has been hit so badly by the economic crisis. For Fernández de Mesa, “2014 was the turning point both in terms of residential housing and construction”.

“Construction (activity) has now bottomed out and will return to growth in 2015”, continued the Secretary of State for the Economy and Business Development, who also highlighted that house sales increased by 2% during the second half of last year and mortgage lending also recorded a positive end to the year.

Original story: www.pisos.com

Translation: Carmel Drake

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