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Cranes towering over Madrid show Spanish construction recovery
Govt forecasts the building industry as a whole will grow about 4 per cent annually through 2020
Add BT as a preferred sourcePublished Wed, Aug 16, 2017 · 09:50 PM
Madrid
SPAIN'S long-suffering property market is staging a comeback; just count the cranes towering over Madrid.
Real estate service firm CBRE Group Inc is using satellite images provided by Airbus to track building activity. They show 250 cranes currently deployed in the Spanish capital, a 5 per cent increase from a year earlier, as builders respond to demand for new houses.
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