Spain’s growing property market begins driving employment

Employment opportunities in Spain’s real estate sector are set to rise as the industry grows once more.

As confidence, cash and foreign buyers have all flooded back to the Spanish property sector over the past few months – drawn by stabilising prices, favourable exchange rates and a mature outlook – the industry has also begun to generate more employment opportunities within Spain…

According to a recent report from financial analysts KPMG, the number of jobs in the Spanish real estate industry is set to rise by around three per cent between now and 2020, by which time the sector will account for around 10 per cent of national GDP.

Today, the industry drives seven per cent of the Spanish economy.

“We are seeing property employment opportunities rise across Spain right now,” said Taylor Wimpey España sales director, Marc Pritchard. “The expanding property market should see a notable increase in jobs over the course of 2015 and beyond.”

With foreign demand for property soaring in Spain’s most popular destinations such as the Costa del Sol and the Balearics, it follows that job creation will naturally tail these trends.

During the boom years of the property industry after the turn of the millennium, the real estate sector on the Costa del Sol was the dominant employer in the region. Since the downturn, however, employment opportunities have been scarce, with those property professionals that remained – such as VIVA – doing so because they were exactly that: professionals properly trained in the industry.

This post-peak property landscape is a more sober, serious and sensible industry, meaning that employers in the region can afford to set higher standards for employment, which in turn favours both buyers and vendors who can rest assured that they will be receiving only impartial, professional advice from a trained industry representative.