Spain: Housing permits growth slows in October
The Spanish Board of Architects approved 9,199 new construction permits in October, according to data published by the Ministry of Public Works. The figure was above both the 8,583 permits granted in October 2018 and the 8,299 permits granted in September. On an annual basis, permits expanded 7.2% in October, well below September’s 14.4% jump.
The moving three-month sum of permits totaled 22,612 in October, which represented a 3.8% increase from the same period in 2018 and up from zero growth recorded in September. The current number of permits represents a mere fraction of the 268,266 permits that were granted during the July–September 2006 peak.