The new engine construction

Barcelona meet a scaffold. The data show that the sector is picking up momentum building renovation. The latest figures of the Town Hall of 2015, reflecting a growth of building permits for housing rehabilitation or expansion, while new construction fell. The licenses are only an indicator. Others, such visas College of Architects, which relate to future works and sometimes projects do not stop doing. But the school does not have the data segregated in the city of Barcelona. In the whole of Catalonia, the area of rehabilitation endorsed last year was one million square meters, an increase of 18% compared to 2014.
 
The data show that Idescat housing rehabilitation, at least in Barcelona, returned to pre-crisis levels. In 2007, before the housing bubble burst, the region began to 14,156 cars rehabilitation grant of rights to 24.2 million. The figure remained stable until 2010 and was a surge in 2011 but after the fall was extraordinary, and in 2014 began only 2118 cars. But in 2015 already surpassed the figures of 2007 and reached the 15,645 actions undertaken, with grant rights to more than 33.6 million.
 
In addition, rehabilitation Barcelona du tailwind. On the one hand, the demand of investors and home buyers in the city is rising, but the supply of new land and the lack of promotions to make rehabilitation is an option for shoppers. This factor joins the firm commitment that the new municipal government does for rehabilitation.
 
The Council recognizes that to meet the demand needed an annual budget higher than in recent years. The Deputy Mayor Janet Sanz has already presented his plan. Plans to invest over 236 million euros mandate measures to promote the rehabilitation of homes, buildings and public spaces. Of the total funding, 80 million will be for housing and private buildings; 32,8milions for municipal buildings, and 123 million for the rehabilitation of public space. The plan seeks not only large complete rehabilitation of entire buildings, but also the improvement inside homes.
 
The rehabilitation Barcelona grows more strongly than the rest of Catalonia demonstrate the data of the Association of Builders and Developers (APCE). Last year comprehensive rehabilitation homes accounted for 5.8% of all the work in the province, while Barcelona came to 24.5% of the total. "That is almost 25% figure is an important and positive brand trend toward industry where to go," said the chairman of the PACE, Lluis Seas.
 
foreign investors
 
One factor that promotes rehabilitation comes from foreign investors. Barcelona has entered its focus to see cheap prices. We certify the business people like Henry Jimenez, the property Somrie or Carlos children, Fhaus, which just raised a fund of EUR 30 million Dutch homes to buy and rehabilitate it in Barcelona and Madrid, but basically in the Catalan capital. Other companies here do as well, sometimes with the help of outside capital, as Bonavista, Allied Capital Europe; BMB fund manager who has invested 48 million to buy 11 buildings; Elix, who expected to buy 16 this year, and others who already have experience as Renta Corporación, which is looking to expand its property business in Barcelona and Madrid.
 
THE KEYS
1. Why rehabilitation up? The lack of land in Barcelona made it difficult for new developments in a city where housing demand has recovered, which increases prices in many neighborhoods.
2. Who does increase both demand? The crisis made many decisions to postpone home buying in many cases of families who already have but want to improve. To this is added the pressure of the foreigners, both to invest and to have a second home in Barcelona.
3. Why do so many foreign investors land? Because after the crisis and see very cheap prices for route profitability, when in other European cities prices are very high and are, as in London, during the bubble.
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