Spain: Housing permits growth accelerates notably in October
According to data published by the Ministry of Public Works (Ministerio de Fomento), the Spanish Board of Architects (Colegio de Arquitectos Técnicos) granted 8,583 new construction permits in October. The figure was above both the 7,395 permits approved in October 2017 and the 7,255 permits approved in September. On an annual basis, permits rose 16.1% in October, nearly doubling September’s 8.1% increase.
The moving three-month sum of permits totaled 21,791 in October, which represented a 15.5% increase from the same period of the previous year. The figure followed the 28.2% expansion recorded in September. However, the current number of permits represents a mere fraction of the 268,266 permits that were granted during the July–September 2006 peak.