Spain: Housing permits drop for third successive month in July
The Spanish Board of Architects approved 11,967 new construction permits in July, according to data published by the Ministry of Public Works. The figure was below the 12,172 permits granted in July 2018 but above the 9,458 permits granted in June. On an annual basis, permits dipped 1.7% in July, matching June’s slip and marking the third consecutive decline.
The moving three-month sum of permits totaled 30,950 in July, which represented a 1.8% fall from the same period last year and contrasted the 8.4% expansion recorded in June. The current number of permits represents a mere fraction of the 268,266 permits that were granted during the July–September 2006 peak.