La sagrada familia in Spain

Spain Housing December 2017

Spain: Housing permit growth remains buoyant in Q4

The Spanish Board of Architects (Colegio de Arquitectos Técnicos) granted 6,096 new construction permits in December, according to data published by the Ministry of Public Works (Ministerio de Fomento). The figure was above the 4,898 permits approved in December of the previous year but below the 6,606 permits approved in November. On an annual basis, permits rose 24.5% in December, which was above the 11.1% increase recorded in November.

The moving three-month sum of permits totaled 20,097 in December, which represented a 24.0% increase from the same period last year. The figure followed the 27.3% expansion recorded in November. However, the current number of permits represents a mere fraction of the 268,266 permits that were granted during the July–September 2006 peak.

In Q4, the general index of housing prices produced by the Ministry of Public Works rose 3.1% year-on-year to EUR 1,559 per square meter. The increase was above the 2.7% increase recorded in the third quarter and marked the highest expansion since the height of the financial crisis. That said, the price per square meter is still well below the EUR 2,101 peak that was recorded in Q1 2008.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest