According to GlobalData, the value of Spain construction market is forecast to decline by 0.3% in real terms in 2024, having grown by 3.5% in 2023. A key growth market will be the infrastructure market, with output rising by 2.9% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the top five multi-family housing construction projects that commenced in Spain in Q4 2024, according to GlobalData’s construction projects database.
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1. Stay Los Berrocales Residential Complex
The project involves the construction of the Stay Los Berrocales residential complex in Los Berrocales, Madrid.
Construction work started in Q4 2024 and is expected to be completed in Q4 2027.
2. Térmica Beach Mixed-Use Complex Development
The project involves the construction of the Térmica Beach Malaga mixed-use complex in Andalusia.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2027.
The project’s aim is to provide mixed-use facilities, such as residential, official, commercial, sports, and hotel facilities under one roof for people in the region.
3. Stay Alcalá de Henares Residential Complex Development
The project involves the construction of the Stay Alcalá de Henares residential complex in Alcalá de Henares, Madrid.
Construction work started in Q4 2024 and is forecast to complete in Q4 2026.
4. Korys Residential Complex
The project involves the construction of the Korys residential complex in the Las Sedas neighbourhood of Alcalá de Henares, Madrid.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2025.
5. Asera Algodonera Residential Complex
The project involves the construction of the Asera Algodonera Residential Complex in Seville, Andalusia.
Construction work started in Q4 2024 and is expected to be completed in Q2 2026.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
