The real estate and construction sectors continue to record positive data that corroborate their recovery. In addition to the consecutive increases in the price of houses, mortgages and sales transactions, we must add the good figures for the creation of companies within these sectors. In May, 8,830 mercantile companies were created in Spain, which represented a 0.5% increase in the interannual rate, according to data published by the INE.
The real estate and financial sectors accounted for 15.5% of the total, representing the second business segment with the most movement in the birth of new companies, after the trading industry (20.8%). The third most important was construction, an area that concentrated 14.7%. The construction sector was also the one that registered the highest volume of dissolved companies in May, with 18.6%, after trade, with the 19.5%. The real estate and financial companies created that month were, in addition, the sector that more subscribed capital concentrated, with 239.1 million euros. It was followed by construction, with a volume of 38.9 million and professional activities, with 27.1 million.
They are data that corroborate that the growth of the construction and real estate activity demands a greater business structure. Figures that add to those published by the financial services firm Gedesco for the first quarter of 2018, which reflected that one in four companies created at that time belonged to construction or real estate development. This meant a volume of 6,000 companies, 1.75% more compared to the first three months of 2017.
As for the most dynamic communities in the birth of real estate firms in the first quarter of the year, Madrid, Catalonia, Andalusia, and Valencia are in the top positions, according to Gedesco. The Community of Madrid accounted for 23% of the national total. The rise of the socimis, which currently exceeds 50, of the proptech – with more than 200 – and the new real estate promoters -Aedas Homes, Neinor, and Vía Célere, among others- they come to confirm that the sector attracts new sap.
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