CONCEPT
The Balearic Islands are currently experiencing a boom in the construction sector with currently 3,400 residential buildings. Last year's investments of almost 2 billion euros were recorded in comparison with 2017, with an increase of more than 15 percent. Looking back on the year 2003 with the real estate boom at that time, it was almost twice as many. According to Eduardo Lopez, the president of the Association of Construction Companies, the current situation compared to ten years ago can be attributed to the increase in today's increasingly expensive housing and the increase in single-family dwellings in the Balearic Islands. Despite the employment of more than 50,000 people in the construction industry in 2017, the number of qualified professionals will continue to grow.
