Spain Housing October 2015

Spain

Spain: Housing permits drop in October

January 5, 2016

In October, the Spanish Board of Architects (Colegio de Arquitectos Tecnicos) granted 3,811 new construction permits, according to data published by the Ministry of Public Works (Ministerio de Fomento). The figure was below the 4,419 permits approved in September. On an annual basis, permits rose 17.6%, which was notably below the 53.5% increase recorded in the previous month.

As a result of the monthly figure, the moving three-month sum of permits totaled 11,001 in October, which represented a 33.8% increase over the same period last year. The figure followed September’s 28.7% expansion and marked a four-month high. However, the current number of permits represents a mere fraction of the 268,266 permits that were granted during the July–September 2006 peak.


Author: Angela Bouzanis, Senior Economist

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Spain Housing October 2015

Note: Monthly construction permits and three-month sum in thousands.
Source: Ministry of Public Works and Spanish Board of Architects.


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