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Spanish Construction Industry Increased by 13%

Written by: Bridgewest

Spanish-Construction-Industry-Increased-by-13.jpgSpain is a representative economy of the European Union, with many economic fields which are interesting for foreign investors. One of the sectors in which the activity is developing at a fast pace is the construction industry. The construction sector increased in the last year and it is important to know that the persons employed in this field received higher salaries, indicating that the industry is on a growth trend. Our team of Spanish company formation representatives can help foreign investors who are interested in opening a company in the construction industry and can also offer guidance referring to this industry. 

 

Construction industry in Spain in 2016  

 
After a longer period in which the Spanish construction industry registered a contraction, the sector had a good recovery in 2015, which was also maintained in 2016. One of the main arguments in this sense is that between February 2015 and February 2016, the industry increased by 13%, while the salaries of the persons employed in this industry were also increased. 
 
The salaries of the workers increased by 4% (compared to the situation of 2010) and the average salary is now EUR 1,630, compared to the previous EUR 1,565.
 
At the end of 2015 the construction sector contributed to the Spanish Gross Domestic Product with 0.3% and in 2016 the increase is estimated at 4%, while in 2017 it could reach 5,5%. Our team of Spanish company formation consultants can offer more details on this matter.
 

Construction trends in Spain  

 
Businessmen who are interested in opening a company in the field of construction should know that the economic development in this field is a consequence of the increased number of investments
 
The estimates show that the residential sector may increase in 2016 by 4%. The investors prefer building new residential sites in areas such as Madrid and Barcelona, which are very well developed cities. 
 
Investors who are interested in receiving more details on the construction industry in Spain can address to our team of Spanish company incorporation agents, who can provide assistance on various issues referring to the registration of a business in this sector. 
 

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