Investment in the construction sector grew by 5.5% in 2025, reaching 28 billion euros, while gross value added (GVA) rose by 1.7% to 9.9 billion, according to the Association of Civil Construction and Public Works Industrialists (AICCOPN). The association highlights that this positive performance was accompanied by an improvement in building and rehabilitation permits, which saw a 1.8% increase in overall volume. This result reflects a 3.3% rise in family housing permits, contrasting with a 2.7% decline in non-residential building authorisations. The licensing of units in new buildings saw a notable year-on-year growth of 20.1% in 2025, totalling 41,592 dwellings. Despite these favourable signs, AICCOPN warns of persistent pressures on production costs. The New Housing Construction Cost Index ended the year with a 4% increase, driven primarily by labour costs, which rose by 7.7%, while materials saw a more moderate variation of 0.9%. Cement consumption increased by 0.7% year-on-year, which the association considers a moderate trend consistent with the maintenance of ongoing projects. In the public works segment, 2025 was considered an exceptional year, as public tenders reached 10 billion euros, up 21% compared to 2024, and the total value of contracts reported on the Base Portal was 7.6 billion euros, a year-on-year growth of 48%. However, AICCOPN notes that January indicators show more contained figures—450 million euros in tenders (-41%) and 190 million in contracts signed (-46%). The association views this as a typical seasonal and administrative fluctuation for the month, which does not jeopardise the continuity of the investment cycle observed at the end of 2025. Construction production increased by 1.3% in January.