Tenerife Weekly
  • Home
  • About
  • El Diario
  • Diario de Avisos
  • El Dia
  • Europa Press
  • La Laguna
  • El Digital Sur
  • Atlantico
  • Press Releases
  • Essentials
  • Blog
  • Contact
No Result
View All Result
  • Home
  • About
  • El Diario
  • Diario de Avisos
  • El Dia
  • Europa Press
  • La Laguna
  • El Digital Sur
  • Atlantico
  • Press Releases
  • Essentials
  • Blog
  • Contact
No Result
View All Result
Tenerife Weekly
No Result
View All Result
Home Europa Press

Canary Islands Face 9.5% Drop in Construction Projects for 2024

March 30, 2025
in Europa Press
Reading Time: 2 mins read
0
Canary Islands Face 9.5% Drop in Construction Projects for 2024
4
SHARES
Share on FacebookShare on Twitter

Madrid/Santa Cruz de Tenerife 30 Mar. (Europa Press) –

The construction sector’s activity in the Canary Islands declined by 9.5% in 2024 compared to the preceding year, outpaced by the Basque Country (-17%), among the autonomous communities that witnessed a reduction in the number of projects available, as per information from Nalanda, the Document Management Platform for the Coordination of Business Activities in Spain.

In total, the Canary Islands had 887 projects on offer during the previous year, down from 980 in the year prior.

Specifically, in 2024 there were 424 projects available between January and June, and 463 during the latter half of the year, from July to December.

On a national scale, the construction sector in Spain saw a 5% upturn, primarily occurring in the second half of the year, which experienced a promotion surge of 12%.

Overall, there were 21,037 projects presented on this platform throughout the year, compared to 20,044 the previous year, with Catalonia at the forefront as the region with the highest number of projects.

Specifically, Catalonia accounted for 4,066 projects, making up 19% of the total, followed by Andalusia with 2,741 (13%); Madrid with 2,720 (13%); and the Valencian Community, which contributed an additional 2,274 projects, nearly 11%.

The regions that experienced the most significant increases in project numbers included Navarra (+39%), Cantabria (+25%), Castilla y León (+21%), the Balearic Islands (+21%), and Madrid (+20%), alongside Melilla, which recorded a 63% increase, albeit with a relatively small total of 36 projects offered.

Additionally, Aragon (+17%), Asturias (+12%), Valencian Community (+10%), Castilla-La Mancha (+7%), and Extremadura (+7%) also exceeded the average growth rate, as did Catalonia and La Rioja (+5%).

Conversely, regions that saw decreases included the Basque Country (-17%), the Canary Islands (-9.5%), Andalusia (-8%), and Galicia (-7%).

A striking 78% of the projects available were budgeted up to 500,000 euros, followed by those with financial plans ranging from 1 to 10 million euros, constituting more than 11% of the platform’s offerings. Projects over 10 million euros accounted for over 2% of the total.

“The construction sector enjoyed a robust growth trajectory in the second half of the year; whilst the works presented on the platform decreased in the first half, there was a significant rebound in the latter half, with an increase nearing 12%, which enabled the overall annual rise to be 5%. This signifies that construction continues to grow at a rate surpassing GDP (3.2%),” remarks Ricardo Muriel, the marketing director from Nalanda.

Related Posts

Seized a yacht with cocaine about 50 miles south of the Canaries, recovering 25 kilograms of the drug.
Europa Press

Seized a yacht with cocaine about 50 miles south of the Canaries, recovering 25 kilograms of the drug.

July 7, 2025
Clavijo Brands it “Indecent” for Regions Not to Aid Young Migrants; Warns of Potential Prosecutor Involvement
Europa Press

Clavijo Brands it “Indecent” for Regions Not to Aid Young Migrants; Warns of Potential Prosecutor Involvement

June 26, 2025
Torres Shifts Responsibility for Material Purchases to SCS and Assures No Recordings of His Wrongdoing Will Emerge
Europa Press

Torres Shifts Responsibility for Material Purchases to SCS and Assures No Recordings of His Wrongdoing Will Emerge

June 23, 2025
No Result
View All Result

Click Image to Join Community

Tenerife Forum Community

Previous News

“In just one year we will deliver 600 homes to those affected by the La Palma volcano”

“In just one year we will deliver 600 homes to those affected by the La Palma volcano”

3 years ago
Aday on the horn gives the first victory to Buzanada

Aday on the horn gives the first victory to Buzanada

4 years ago
Trans and LGBTQIA+ Groups Cut Ties with Arona After Vox Joins Local Government

Trans and LGBTQIA+ Groups Cut Ties with Arona After Vox Joins Local Government

6 months ago
The Cabildo de Tenerife and INCYDE offer a content generation course to unemployed young people

The Cabildo de Tenerife and INCYDE offer a content generation course to unemployed young people

3 years ago
“Traperos Takes Top Honor at Santa Cruz de Tenerife Murgas Contest!”

“Traperos Takes Top Honor at Santa Cruz de Tenerife Murgas Contest!”

5 months ago
An Arrival of a cayuco with 63 migrants, including a baby, in El Hierro

An Arrival of a cayuco with 63 migrants, including a baby, in El Hierro

1 year ago
No Result
View All Result

News Highlights

The Leal Theatre presents a musical journey for all audiences this weekend.

Unions announce new meetings to resolve the employment dispute at the Tenerife Metropolitano.

Santa Cruz closes the Las Mesas park due to wildfire risk.

A Santa Cruz resident films a group of youths engaged in vandalism: “They’re wrecking the area and shouting.”

The City of Justice in Santa Cruz won’t be ready “in two, four, or even five years.”

Over 500 residents of Laguna enjoy summer activities organised by Citizen Participation

Trending News

Our Lady of Mount Carmel (and III)
La Laguna

Our Lady of Mount Carmel (and III)

by Admin
July 18, 2025
0

Explanation of the Promise: Many Popes, saints, and Catholic theologians have explained that, according to this promise,...

The tram strike committee resumes negotiations with Metropolitano de Tenerife.

The tram strike committee resumes negotiations with Metropolitano de Tenerife.

July 18, 2025
Sardà and Valdano Reflect on Maturity in a CaixaBank Discussion in Tenerife

Sardà and Valdano Reflect on Maturity in a CaixaBank Discussion in Tenerife

July 17, 2025
The Leal Theatre presents a musical journey for all audiences this weekend.

The Leal Theatre presents a musical journey for all audiences this weekend.

July 17, 2025
Unions announce new meetings to resolve the employment dispute at the Tenerife Metropolitano.

Unions announce new meetings to resolve the employment dispute at the Tenerife Metropolitano.

July 17, 2025
Tenerife Weekly

© 2025 Tenerife Weekly

Navigate Site

  • Tenerife Forum
  • Tenerife Travel Shop
  • Ask Tenerife
  • Guide
  • Adobe
  • Linkedin
  • Privacy Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • About
  • El Diario
  • Diario de Avisos
  • El Dia
  • Europa Press
  • La Laguna
  • El Digital Sur
  • Atlantico
  • Press Releases
  • Essentials
  • Blog
  • Contact

© 2025 Tenerife Weekly