Spain: Housing permits fall to three-month low in November
January 29, 2015
In November, the Spanish Board of Architects (Colegio de Arquitectos Tecnicos) granted 2,149 new construction permits, according to data published by the Ministry of Public Works (Ministerio de Fomento). The figure was below the 3,265 permits approved in October and marked a three-month low. On an annual basis, permits contracted 13.7%, which significantly contrasted the 15.6% increase recorded in the previous month.
As a result of the monthly figure, the moving three-month sum of permits totaled 8,292 in November, which represents a 10.5% increase over the same period last year. The expansion was below the 24.6% increase tallied in October. The current level is a mere fraction of the 268,266 permits that were granted during the July-September 2006 peak.