Construction crisis in region

According to the association of construction and public works companies (AECOPS), the Algarve has seen the greatest drop in building and the largest increase in unemployment rates in the sector compared with the rest of Portugal.

Figures released by AECOPS show that the number of new licensed apartments in the region fell by 59.7 per cent in the first four months of 2009 compared to the same period in 2008.

The association also highlighted that unemployment in the construction sector in the Algarve is three times higher than the national average.