47 per cent fewer homes built in Q3
21.12.2009
The severe downsizing of the construction sector in Spain continues; the number construction projects for housing started in the third quarter of the year is 33,140, a drop of 47.2%, compared to the same time period in 2008.
The number of home built in the last 12 months is 444,544 or 35.1% less than last year, according to statistics published today by the housing ministry. About 50% of new properties are for social housing, which shows that the public housing sector drives the construction business currently in crisis.
The number of uninhabited homes built in the third quarter was down 60.8% compared to the same period in 2008 and 19.3% compared to the second quarter. Public housing was down 20% from July to September and 18.3% compared to the same period last year.
Source: ANSAmed
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