Spain: Housing permits growth picks up in November
January 31, 2019
According to data published by the Ministry of Public Works (Ministerio de Fomento), the Spanish Board of Architects (Colegio de Arquitectos Técnicos) granted 9,252 new construction permits in November. The figure was above both the 6,606 permits approved in November 2017 and the 8,583 permits approved in October. On an annual basis, permits rose 40.1% in November, more than doubling October’s 16.1% increase.
The moving three-month sum of permits totaled 25,090 in November, which represented a 21.1% increase from the same period of the previous year. The figure followed the 15.5% expansion recorded in October. However, 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