Spain: Housing permits continue to increase in February
April 27, 2017
In February, the Spanish Board of Architects (Colegio de Arquitectos Técnicos) granted 6,545 new construction permits, according to data published by the Ministry of Public Works (Ministerio de Fomento). The figure was above the 6,234 permits approved in January and marked the best reading in nine months. On an annual basis, permits jumped 15.3% in February, which was below the sizeable 26.1% increase recorded in the previous month.
The moving three-month sum of permits totaled a seven-month high of 17,677 in February, which represented a 12.6% increase from the same period of the previous year. The figure followed January’s 15.7% expansion. Nevertheless, the current number of permits represents a mere fraction of the 268,266 permits that were granted during the July–September 2006 peak.
Author: David Ampudia, Economist