Spain: Housing permits growth eases in April
June 30, 2017
In April, the Spanish Board of Architects (Colegio de Arquitectos Técnicos) granted 4,908 new construction permits, according to data published by the Ministry of Public Works (Ministerio de Fomento). The figure was below the 7,184 permits approved in March. On an annual basis, permits rose 2.4% in April, which was well below the 15.9% increase recorded in the previous month.
The moving three-month sum of permits totaled 18,637 in April, which represented an 11.8% increase from the same period of the previous year. The figure followed March’s 18.7% expansion. Nevertheless, the current number of permits represents a mere fraction of the 268,266 permits that were granted during the July–September 2006 peak.
Author: David Ampudia, Economist