Spain Housing


Housing permits rise in January

In January, the Spanish Board of Architects (Colegio de Arquitectos Tecnicos) granted 3,274 new construction permits, according to data published by the Ministry of Public Works (Ministerio de Fomento). The figure was up from the 2,587 permits approved in December. That said, permits dropped 31.4% on an annual basis, which adds to the steep 52.2% fall recorded in December.

As a result of the monthly figure, the moving 3-month sum totalled 8,967 permits in January, which represents a 39.3% decline over the level recorded in the same period last year. At the current level, permits are only a fraction of the number given during the peak in the July-September period of 2006, when 268,266 permits were granted.


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Spain Housing Chart

Spain Housing January 2013

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

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