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Spanish builders rush to European equipment auctions

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Spanish builders rush to European equipment auctions

Spanish construction firms increasingly participate in equipment auctions, and in 2016, a total of 1,017 Spanish buyers participated in auctions outside Spain, what is 22% more than in 2015, Bloomberg reports on Friday.

The increase is four times more than in the year 2012, after Spain’s bailout following the financial crisis. Over the course of four years, between 2008 and 2012, Spanish builders had been suffering from a property crash that left 1.3 million people in the construction industry unemployed.

However, at present, with rising housing demand, the construction firm see the growth in their activity. As an example, over 64,000 licenses for new homes were provided last year, the best result since 2011.

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