Spain’s new-builds back in business

New-builds are back in business all over Spain

LAST UPDATED: 15 Jun, 2015 @ 08:35
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craneNEW-BUILDS are back in business all over Spain, as construction cranes return to the skyline after a long leave of absence.  

The number of licence applications grew by a quarter in the first four months of the year, with over 10,000 permits dished out by the Ministry of Development.

In total, new-build licence applications have been on the rise for nine months, the longest sustained increase since 2006.

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2 COMMENTS

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  1. Instead of starting new builds why not finish those that have been sitting derelict for the past 5-7 years. The banks would love to sell and make some money out of these stagnant assets.

  2. Ironically, new builds are perhaps more risky than re-sales. There are a whole glut of new-build properties on the market with retrospective legal issues. It might be a buyers market, but be sure not to buy a turkey instead of a turnkey.

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