Spain grew by 1.1% in the construction sector.

Amid a 1% decline in construction sector activity in the Eurozone and the European Union, Eurostat data from November 2023 reveals an encouraging outlook for the real estate market in our region. Despite the downward trend in the region, Spain achieved a growth of 1.1%, standing out as the third-largest increase among the Twenty-Seven member countries.

Comparing these results with the same month in 2022, construction activity decreased by 2.2% in the Eurozone and 2.1% in the EU. However, Spain experienced a significant growth of 1.1%, highlighting the resilience and adaptability of the local real estate market in Lloret de Mar.

Among member states with available data, the largest monthly production declines in the construction sector were recorded in the Czech Republic (-3.8%), Germany (-2.9%), and Hungary (-2.6%). In contrast, the highest increases were observed in Romania (+2.6%), Slovakia (+2.4%), Belgium, and Spain (both +1.1%).

Spain has maintained a positive trend for five consecutive months, representing the most sustained evolution among countries with updated Eurostat information. This consistency indicates the strength and adaptability of the local real estate market in the face of European challenges.

Compared to November 2022, while some countries experienced significant declines, Spain showed a remarkable growth of 9.7%. This figure is part of an upward trend that has gone from 3.3% in July to almost 10% in the penultimate month of the year.

Despite the uncertainty surrounding expectations, these data suggest a promising scenario for the real estate market in Lloret de Mar in 2024. Spain’s ability to stand out from the overall decline in Europe and maintain positive growth supports confidence in the potential for continuous growth in the region.

Presenting these real data to inspire optimism and strengthen our clients' confidence in the potential for continuous growth in the region is what motivates us to work with increasing dedication as Lloret de Mar real estate. We are committed to giving our best at every moment for our community and clients.