Spain: Housing permits hit six-month high in January
March 30, 2015
In January, the Spanish Board of Architects (Colegio de Arquitectos Tecnicos) granted 3,466 new construction permits, according to data published by the Ministry of Public Works (Ministerio de Fomento). The figure was well above the 1,866 permits approved in December and marked the most permits granted since July 2014. On an annual basis, permits expanded a strong 39.0%. The print contrasted the 35.3% drop recorded in the previous month and represented the largest increase since September 2006.
As a result of the monthly figure, the moving three-month sum of permits totaled 7,481 in January, which represented a 4.9% decrease over the same period last year. The figure followed the 11.2% contraction tallied in December. The current number of permits represents a mere fraction of the 268,266 permits that were granted during the July–September 2006 peak.