The construction sector on the Balearic Islands showed huge increases in investments year on year from 2013 to 2014, specifically in the first half of 2014.
With a percentage increase on Mallorca of 22.56% and an amazing 79% on Ibiza, these are the best figures since the beginning of the crisis, in late 2007. This development of projects, permissions and forecasting in public works for tourism offers a certain optimism. "This positive change will have a direct effect on job retention and increased activity in a sector that entered a technical recession in 2007", says the CEO of the Builders Association of the Balearics, Manuel Gómez.
Specifically on Mallorca these investments will focus on works in hotels, bars, cafes, restaurants and nightclubs. But activity will focus not only in the Palma area, but in fact the increased activity is widespread throughout Mallorca; Can Picafort, Plages de Muro, Cala Millor and Calvia. Also to be considered is the massive investment in the new Fontanelles shopping centre, around €300 million, "which will make the construction activity and total investment greater than any recorded in the last three years", says Alvaro Oviedo, deputy mayor of Palma.