Spain: Housing permits at multi-year high in July
September 30, 2015
In July, the Spanish Board of Architects (Colegio de Arquitectos Tecnicos) granted 5,198 new construction permits, according to data published by the Ministry of Public Works (Ministerio de Fomento). The figure was above the 4,540 permits approved in June and marked the most permits granted since December 2011. On an annual basis, permits expanded 12.0% in July, which was notably below the 48.2% increase recorded in the previous month.
As a result of the monthly figure, the moving three-month sum of permits totaled 13,686 in July, which represented a 25.0% increase over the same period last year. The figure followed June’s 39.8% expansion. However, the current number of permits represents a mere fraction of the 268,266 permits that were granted during the July–September 2006 peak.