Spain rebuilding again after housing crash of 2008

Madrid

ON a street in central Madrid, Juan Jose Perucho points to where he is going to build one of the capital's tallest residential blocks after buying a site bigger than five football pitches from the state-owned metro network.

"We've sold faster than ever before on this development," says the head of unlisted real estate company Grupo IBOSA of the project, which will feature a 25-floor tower with swimming pool and hanging gardens. "I've seen nothing like it in all my 24 years in this business."

Spain is building again after s…