Spain: Housing permits hit seventh-month high in February
April 30, 2015
In February, the Spanish Board of Architects (Colegio de Arquitectos Tecnicos) granted 4,203 new construction permits, according to data published by the Ministry of Public Works (Ministerio de Fomento). The figure was above the 3,437 permits approved in January and marked the most permits granted since July 2014. On an annual basis, permits expanded a strong 58.0%, which was notably above the 37.8% increase recorded in the previous month.
As a result of the monthly figure, the moving three-month sum of permits totaled 9,506 in February, which represented an 18.3% increase over the same period last year. The figure contrasted the 5.3% contraction tallied in January. The current number of permits represents a mere fraction of the 268,266 permits that were granted during the July–September 2006 peak.