Following this, the onset of the global financial crisis further exacerbated the problems in Spain’s residential housing market. Consequently, the Spanish economy, entered into a recession and unemployment in Spain rose to 20%. As a result of these developments, the Spanish construction industry recorded a CARC of -2.89% during the review period.

In 2010, residential construction accounted for 50.7% of the Spanish construction industry. Prior to the global financial crisis, the strong growth in the Spanish housing market had been driven by low interest rates, extended mortgage periods of up to 50 years, favorable tax incentives on mortgage payments as well as house ownership, and the inflow of foreign investment.

However, as the housing and property market recorded a downturn, an estimated 1.4 million new houses remained unsold in the country in 2010. Consequently, ICD projects the Spanish residential construction market to achieve a CAGR of 1.97% during the forecast period.

Key Features

•    Make informed strategic business decisions with strong historic and forecast market sizing data
•    Identify the growth opportunities and industry dynamics within five key industry categories: Commercial Construction, Industrial Construction, Infrastructure Construction, Institutional Construction and Residential Construction
•    Understand the demand dynamics effecting the Spanish construction industry
•    Identify the major companies operating within the Spanish construction industry using the report’s detailed business descriptions, SWOT analysis, news and key personnel information

 

ICD Research is a full-service global market research agency and premium business information brand specializing in industry analysis in a wide set of B2B and B2C markets. ICD Research has access to over 400 in-house analysts and journalists and a global media presence in over 30 professional markets enabling us to conduct unique and insightful research via our trusted business communities.

Through its unique B2B and B2C research panels and access to key industry bodies, ICD Research delivers insightful and actionable analysis. The ICD Research survey capabilities grant readers access to the opinions and strategies of key business decision makers, industry experts and competitors as well as examining their actions surrounding business priorities.

 

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