Property sales in Spain have improved in 2015 by 7%
The statistics data brought by several institutions, agencies and other organizations during 2015 showed a significant improvement of the property market practically along the whole year. Now, at the beginning of 2016 is time to analyze results and get a complete view about the evolution of the sector during the last year.
In this regard, EFE Agency has informed recently about some relevant figures directly associated with the situation of the Spanish real estate sector. One of the most interesting points is the fact that the amount of new-built residential properties for sale has been reduced year-on-year by 7%. This data is provided by CEPCO (Confederación Española de Asociaciones de Fabricantes de Productos de Construcción). In absolute numbers, more than half a million of homes remains without owner in Spain. However, this is a 27% less than the figure registered in 2009.
Another interesting information provided by CEPCO is related with the production of construction materials. This shows also a positive trend. Thus, concrete production increased by 2.7% and the consumption of cement improved by 8.4% in comparison with 2014. This good numbers related with construction materials seems to continue in 2016, as Oficemen (a cement producers association) has informed recently that the sales of this product have increased by 8.4% yearly during February, and also estimates than the growth during the whole year will be around 7%.