Spain: Housing permits growth accelerates slightly in March
May 30, 2019
The Spanish Board of Architects approved 9,405 new construction permits in March, according to data published by the Ministry of Public Works. The figure was above both the 8,461 permits granted in March 2018 and the 9,175 permits granted in February. On an annual basis, permits rose 11.2% in March, slightly above February’s 10.5% upturn.
The moving three-month sum of permits totaled 27,886 in March, which represented an 18.9% increase from the same period last year and followed the 23.6% expansion recorded in February. That said, the current number of permits represents a mere fraction of the 268,266 permits that were granted during the July–September 2006 peak.
Author: Javier Colato, Economist