Business · Companies · 4 hrs ago

Vía Ágora chief says housing prices cannot rise indefinitely

Vía Ágora chief says housing prices cannot rise indefinitely

Juan Antonio Gómez-Pintado, head of Spanish property group Corporación Vía Ágora, has called for restraint on housing prices amid Spain’s housing crisis.

He says prices cannot keep rising indefinitely without damaging the sector.

He also argues that industrialized construction is the future of building in Spain.

This means making more parts of homes, such as bathrooms, kitchens and façades, through industrial processes.

Gómez-Pintado says large builders have begun adopting these methods as the industry faces a shortage of construction workers.

He says the sector has 1.6 million workers, nearly 30% of whom are expected to retire within eight to ten years, with no younger generation ready to replace them.

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What people are saying

Juan Antonio Gómez-PintadoPresident of Corporación Vía Ágora
You cannot raise housing prices indefinitely because it is like killing the goose that lays the golden eggs
via El Mundo
It is the future. In fact, it has already arrived.
via El Mundo