The Covid 19 pandemic has raised numerous economic concerns across the board, and the construction industry has not been spared. While a range of reports on the real estate market, such as the one released by BBVA Research, mention a considerable downturn in housing sales, construction, and employment figures around these activities during the lockdown period, there are also signs that allow us to foresee a recovery along the value chain in the sector over the coming months. This claim is supported by housing indicators before the lockdown enforced in March 2020 – 2019 ended with a 5% increase in mortgages signed when compared to the 2018 figures-  as well as by the fact that the current crisis does not stem from the real estate sector itself, as opposed to the situation in 2008. 

All this, alongside the low indebtedness of households, credit availability and prospective stimulus tools by the public sector, allows us to foresee a gradual recovery both for new building construction and housing rehabilitation of principal or secondary residences. There is no doubt that over these few months of lockdown consumers have changed their priorities, with the need to be surrounded by more comfortable and sustainable spaces now being perceived. Thus, many have set their minds on upgrading their homes or getting access to better housing when feasible. 

As notions of sustainability, design, comfort and savings come to the fore, the whole range of FAVEKER® products, with the importance they attach to quality and efficient materials, prove the optimal solution for building skins in newly constructed buildings or for the upgrading of those already in place. Considerable energy savings, a marked reduction in maintenance costs and the highest comfort will be achieved – three aspects that consumers have learnt to appreciate particularly during this health crisis.