The residential building will return with half the volume it reached during the bubble, as the president of OHL.
In an interview with EFE, Villar Mir said the construction sector has twice the size that corresponded to 2007 by the combination of the housing boom and the need for Spain to recover its deficit infrastructure.
OHL President recalled that the housing sector was found with "infinite liquidity" since Spain joined the euro zone in 1999, which pushed many developers to build homes twice demanded by the society.
This has given rise to a surplus of homes built and unsold of 700,000 to one million, a number that represents the total demand for the next two or three years.
According Villar Mir, the housing glut and the resulting paralysis of residential construction course loss of 1.2 million jobs since 2008 until now, jobs that, in his view, in many cases "have been lost forever."
the behavior of real estate were joined by building infrastructure because "Spain was delayed" with respect to neighboring countries and had the funds from the European Union (EU).
To Villar Mir, the infrastructure deficit "has been recovered, so the sector" will continue to build in proportion to the growth of the economy, ie, half that before. "
Against this background and cuts in public investment in infrastructure, construction companies have chosen to internationalization as "a way of life required, a strategy that OHL, according to its president, began in 2002, several years before the crisis.
Villar Mir said it would have been better to reduce current spending rather than investment in infrastructure. "Reducing government spending by curbing investment in times of crisis inevitably increases the crisis because the economy slows," he said.
Alternatively, OHL president proposed a reform of government to avoid "duplication and overlap."
Villar Mir estimates that Spain will take another three years to escape the crisis, the economy will not grow enough to create jobs through 2013.
In his view, the English economy needs reform "very deep", including through systems of education "effort and cultivate the spirit of transcendence."
also he added, is "important labor reform" more flexibility in terms of collective bargaining and an update on labor laws, "which have decades." Also needed, he said, an energy reform to reduce costs and drive a recovery in market.
"I think the government is willing to make reforms," \u200b\u200bsaid Villar Mir, although urged to carry out promptly and in depth for the English economy more competitive.
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