Construction expected to continue to soar

The gross value of production in the construction sector is expected to increase by 4.3% in 2021, accelerating from 2.5% in 2020 due to the “positive evolution” of most activity indicators.

“With regard to the construction sector, it is estimated that the year will end with an overall growth of 4.3%, in the gross value of production, in line with the European Commission’s forecasts for the evolution of investment in construction”, said the associations of Civil Construction and Public Works Industry (AICCOPN) and of Construction, Public Works and Services Companies (AECOPS) in a joint statement.

According to the business associations, “most sectorial indicators show a positive evolution throughout the year”.

“The consumption of cement in the national market registered a year-on-year growth of 5.9% until October, to 2,868 thousand tons”, while “the area licensed for housing by the municipal councils increased by 17.2% in the first nine months of 2021, in homologous terms”.

Residential sector

In the residential segment, forecasts indicate that the gross value of production will grow 4.5% in 2021 (the same level as in 2020), “reflecting the globally positive behaviour of the main activity indicators”.

Among these, the highlight was “the 25.6% increase in the number of units sold in the first half, the 37.8% growth in new mortgage loans up to September and the 9.6% increase in bank appraisal values ​​for credit effects in the month of September, in year-on-year terms”.

Be the first to comment

Leave a Reply

Your email address will not be published.


*