Market Report, "Construction in Spain - Key Trends and Opportunities to 2015", Published
The construction industry is a significant contributor to the Spanish economy and was the primary factor behind the robust economic growth in country recorded between 1997 and 2007. During the period, low interest rates, mortgages extending up to 50 years, favorable tax policies for house ownership, mass immigration from neighboring European countries and a surge of foreign investments in the real estate market, particularly from the UK and Germany, were attributed to the significant growth within the Spanish construction industry....
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