By Catherine McGeer •
Updated: 11 Feb 2024 • 22:40
Murcia’s Building Boom
Image: Shutterstock/ Bannafarsai_Stock
IN 2023, while Spain faced a 15 per cent drop in construction and a 10 per cent budget reduction, the Region of Murcia defied the trend with a 5 per cent growth in construction projects and a 2.8 per cent budget increase.
Murcia completed 1,508 constructions, showcasing resilience amid national challenges. The construction sector, particularly driven by private initiatives, experienced a boost, with new builds and renovations leading the way. Despite ranking sixth nationally in completed projects, Murcia’s positive trajectory is notable, attributed to its ability to navigate inflation and rising material costs. The sector’s buoyancy is reflected in a 4.2 per cent increase in projects worth €868.64 million, representing nearly half of the total construction budget.
As 2024 unfolds, experts foresee a promising year for the construction industry nationwide, fuelled by European funds and political resolutions, offering potential for growth and recovery.
For more Costa Calida news click here
Thank you for taking the time to read this article. Do remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories and remember, you can also follow us on Facebook and Instagram.
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don't already have one. Review our
I am an Irish writer who has been living in Spain for the past twenty years. My writing centers around the Costa Cálida. As a mother I also write about family life on the coast of Spain and every now and then I try to break down the world of Spanish politics!
Download our media pack in either English or Spanish.