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Investment in Home-Building to Rise 1.8% in 2015

19/12/2014 – El Mundo 

According to the latest projections of the European Commission, construction investment will improve in 26 member countries throughout 2015. In 2014, the growth rate is bound to show 0.7%. In regard to the EU 28, a rise of 2.4% is forecasted but it will also average at as little as 0.7% in the eurozone as a whole.

Ireland and Greece are likely to see their house-building investment skyrocketing by 11.3% and 10.3% respectively. The United Kingdom will show a 9.2% advance, Luxembourg 7.8% and Sweden 6.4%. Poland and Lithuania will increase by around 5%, and Hungary and the Netherlands will raise their bet on housing development by 3%.

Spain Above European Average

For the first time since the crisis began, Spain is expected to register positive figures in terms of construction. The European Commission predicts a 1.8% rise for Spain, much above the eurozone average. Germany ranks just behind it with 1.6%, followed by Austria and Ireland with 1.4% predictions each.

Italy, Portugal are found among the countries deemed to underperform next year but not as much as Bulgaria (down 2.2%), France (2.3%) or Cyprus (a fall of 4.8%).

 

Original story: El Mundo

Translation: AURA REE