After nine years of absence, since the financial crisis began to deflate the housing bubble in 2007, the cranes have returned to form part of the Spanish landscape in 2016, making visible the recovery that the real estate sector has been experiencing since 2014.
In the absence of a few weeks to the end of the year, real estate investment can set a new record in 2016, with almost 14,000 million euros.
The growth of the economy, the improvement of employment, low interest rates, the return of financing and the continued inflow of foreign capital have allowed the real estate sector to consolidate this year its recovery despite the political uncertainty that reigned in Spain for months.
After nearly a decade of paralysis, promotoras who have survived the crisis and others newly created have taken the cranes to the streets, especially in cities with more economic activity and tourism where stock is already practically nonexistent and demand for new Housing, a reality.
The recovery of the sector is undeniable. According to the notaries, the purchase of housing grew by 10.3% in September, a figure that rises to 13.2% according to the INE, which has already seen an eight month rise and a 10% growth in the mortgage firm for The purchase of housing.