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Summary and extracts
1 Market overview
1.1 Definition and presentation
Real estate development includes companies whose activity is the construction or rehabilitation of real estate products with the aim of reselling them to buyers and investors who will use them directly or offer them for rent.
These real estate products can be of different types: housing, offices, commercial premises, service residences, hotels, leisure facilities....
Thus, in the face of this diversity of supply, the demand also includes a wide range of actors, which may be individuals, companies, public bodies or local authorities.
The real estate market, and therefore, among others, the real estate development market, are special markets in Spain because they were hit hard by the crisis at the beginning of the 21st century. The real estate bubble had indeed triggered a deep recession for the country. Nevertheless, since 2015, the sector has been experiencing renewed dynamism and growth, leading some analysts to fear the formation of a new bubble in the coming years.
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the real estate development market | Spain
Espagne 49
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