{"id":119721,"date":"2025-05-28T13:14:25","date_gmt":"2025-05-28T11:14:25","guid":{"rendered":"https:\/\/mallorcaglobalmag.es\/construccion-viviendas-crece-276-primer-trimestre-2025-balears\/"},"modified":"2025-05-28T13:23:51","modified_gmt":"2025-05-28T11:23:51","slug":"construccion-viviendas-crece-primer-trimestre-2025-balears","status":"publish","type":"post","link":"https:\/\/mallorcaglobalmag.es\/en\/construccion-viviendas-crece-primer-trimestre-2025-balears\/","title":{"rendered":"Housing construction grows by 27.6% in the first quarter in the Balearic Islands"},"content":{"rendered":"<p data-start=\"110\" data-end=\"767\">The construction sector is experiencing a dynamic period in the Balearic Islands thanks to a notable increase in housing permits during the first quarter of 2025. According to the latest <em data-start=\"319\" data-end=\"338\">Economic Outlook<\/em> published by the Directorate-General for Economy and Statistics, the <strong data-start=\"404\" data-end=\"459\">annual variation recorded in March was 67.9%<\/strong>, bringing the <strong data-start=\"477\" data-end=\"551\">year-on-year growth for the first quarter to a notable 27.6%<\/strong>. This level of activity is similar to that of <strong data-start=\"616\" data-end=\"624\">2021<\/strong>, one of the years with the highest construction volume of the past decade. Growth has been particularly strong in <strong data-start=\"737\" data-end=\"766\">the Pityusic Islands and in Menorca<\/strong>.<\/p>\n<p data-start=\"110\" data-end=\"767\"><img decoding=\"async\" class=\"size-full wp-image-119711 aligncenter\" src=\"https:\/\/mallorcaglobalmag.es\/wp-content\/uploads\/2025\/05\/Trabajadores-de-la-construccion.webp\" alt=\"Construction in Balearic Islands\" width=\"780\" height=\"519\" \/><\/p>\n<p data-start=\"769\" data-end=\"1146\">This momentum in the construction sector is acting as an additional driver for the Balearic economy, which shows a <strong data-start=\"884\" data-end=\"923\">growth forecast of 2.7%<\/strong> for 2025. This figure slightly exceeds the forecasts for <strong data-start=\"1001\" data-end=\"1051\">Spain (2.6%) and the European Union (1.1%)<\/strong>, although the regional government is taking a cautious stance compared to other forecasting bodies.<\/p>\n<h2 data-start=\"769\" data-end=\"1146\">Service sector continues to expand<\/h2>\n<p data-start=\"1148\" data-end=\"1675\">The positive economic momentum is also reflected in the service sector, which continues to expand, with a <strong data-start=\"1252\" data-end=\"1287\">year-on-year variation of 3.7%<\/strong> in the first quarter. Tourism remains a key activity: <strong data-start=\"1358\" data-end=\"1422\">tourist spending reached 1.32 billion euros (+5.7%)<\/strong>, with increases in both <strong data-start=\"1452\" data-end=\"1495\">spending per person (\u20ac1,026, +3.0%)<\/strong> and <strong data-start=\"1505\" data-end=\"1542\">per person per day (\u20ac155, +7.2%)<\/strong>. The number of visitors also rose to <strong data-start=\"1586\" data-end=\"1626\">1.28 million (+2.6%)<\/strong>, and the <strong data-start=\"1633\" data-end=\"1674\">average stay remained at 6.6 days<\/strong>.<\/p>\n<p data-start=\"1677\" data-end=\"2026\">In addition, industrial production saw strong progress during the first three months of the year. As for prices, <strong data-start=\"1808\" data-end=\"1858\">the Balearic Islands led the increase in April<\/strong> and widened the gap compared to the national average. <strong data-start=\"1923\" data-end=\"1947\">Core inflation<\/strong> also remains at high levels: <strong data-start=\"1981\" data-end=\"2003\">3.0% in the Balearics<\/strong> and <strong data-start=\"2006\" data-end=\"2025\">2.4% in Spain<\/strong>.<\/p>\n<p data-start=\"2028\" data-end=\"2396\" data-is-last-node=\"\" data-is-only-node=\"\">In the labour market, Social Security affiliation reached a new record for the month of April, with <strong data-start=\"2132\" data-end=\"2171\">574,166 affiliates (+3.4%)<\/strong>. The service and construction sectors were the main contributors to this growth. Although the <strong data-start=\"2281\" data-end=\"2343\">primary sector posted a year-on-year decline of -1.1%<\/strong>, it achieved the <strong data-start=\"2358\" data-end=\"2395\">third-best result since 2009<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The construction sector is experiencing a dynamic period in the <a href=\"https:\/\/mallorcaglobalmag.es\/en\/construccion-viviendas-crece-primer-trimestre-2025-balears\/\"> [&#8230;]<\/a><\/p>\n","protected":false},"author":4,"featured_media":119712,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1515,136,1527],"tags":[],"class_list":["post-119721","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-and-tourism","category-blog-en","category-town-planning"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Housing construction grows by 27.6% in the Balearic Islands - 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