It should be point out that a great number of economical subsectors take part into the constructive process. This fact makes that this sector results on an important GDP, as Marcelino Otero says, it would be around 7% and 10% (Faro de Vigo).
Moreover, we should not forget about crisis time: construction is and it has been one of the major affected sector. However, property purchase recovers interest due to it rentability when renting. As SAREB affirms this rentability was around the 5.5% on 2015.
Eurostat, statistical data office, points out that Spain has been the country with the highest annual growth if we compare to 2015 and the rest of the EU countries reaching the 20.3%. It is followed by Sweden and Slovakia with the 18% and 16,4% respectively. Thus, the increase of 4.4% in the whole of EU is because the 5.3% growth in housing construction. (El Mundo).
But we cannot forget the forecasts in the sales of homes. Thus, Solvia, the real estate of Sabadell Bank esxpects a growth of 12% for the tax year (a 2.4% comparing to the 2014 tax year). As Tinsa says, 2016 marks the beginning of housing market recovery; Tinsa also affirms that price will not fall although the price recovery will slow but progressive.
Sources:
El mundo: http://owl.li/10Eeav
El Economista: http://owl.li/10Eeg4
