Spain Housing December 2016


Spain: Housing permits decline in December

February 28, 2017

In December, the Spanish Board of Architects (Colegio de Arquitectos Técnicos) granted 4,898 new construction permits, according to data published by the Ministry of Public Works (Ministerio de Fomento). The figure was below the 5,945 permits approved in November and marked the worse reading in four months. On an annual basis, permits fell 3.5% in December, which contrasted the 25.3% increase recorded in the previous month.

The moving three-month sum of permits totaled 16,201 in December, which represented a 19.9% increase from the same period of the previous year. The figure followed November’s 24.8% 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:, Economist

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Spain Housing Chart

Spain Housing December 2016

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

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