La sagrada familia in Spain

Spain Housing December 2020

Spain: Housing permits decline in December; housing prices fall for third consecutive quarter in Q4

The Spanish Board of Architects approved 7,059 new construction permits in December 2020, according to data published by the Ministry of Public Works. The figure was below the 8,072 permits granted in December 2019 and the 9,014 permits granted in November 2020. On an annual basis, permits declined 12.5%, contrasting November’s 30.7% surge which had marked the strongest increase in nearly two years.

Meanwhile, the moving three-month sum of permits totaled 23,087 in December, which represented a 5.0% drop from the same period of 2019 and followed the 0.1% slip recorded in November. The current number of permits represents a mere fraction of the 268,266 permits granted during the July–September 2006 peak amid a booming housing market in the leadup to the global financial crisis.

In Q4 2020, the general index of housing prices produced by the Ministry of Public Works dropped 1.8% year-on-year to EUR 1,622 per square meter. The dip followed the 1.1% decline logged in Q3 and marked the third consecutive quarter of falling prices. The price per square meter is 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