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Otis gets a lift from recovering Spanish economy

Firm, which sells and services elevators, sees higher sales in 2015 as new residential building starts to pick up
Friday, January 23, 2015 - 05:50
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Home sales in Spain have jumped 14 per cent in November from a year earlier, according to the National Statistics Institute.

Madrid

THE view from the top floor of the Madrid headquarters of the Otis Elevator Company is that a recovery for Spanish real estate is at last in sight.

"We still need one more year to see clear growth in new building, but the outlook is improving," said Bernardo Calleja, chief