Spain Housing April 2019

Spain

Spain: Housing permits growth accelerates strongly in April

June 27, 2019

The Spanish Board of Architects approved 9,708 new construction permits in April, according to data published by the Ministry of Public Works. The figure was above both the 7,106 permits granted in April 2018 and the 9,405 permits granted in March. On an annual basis, permits rose 36.6% in April, well above March’s 11.2% upturn.

The moving three-month sum of permits totaled 28,288 in April, which represented an 18.5% increase from the same period last year and followed the 18.9% expansion recorded in March. 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: Massimo Bassetti, Economist

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Spain Housing April 2019

Note: Monthly construction permits and three-month sum in thousands.
Source: Ministry of Public Works and Spanish Board of Architects.


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