Spain: Housing permits in May ease from April's nine-month high
July 31, 2015
In May, the Spanish Board of Architects (Colegio de Arquitectos Tecnicos) granted 3,956 new construction permits, according to data published by the Ministry of Public Works (Ministerio de Fomento). The figure was below the 4,497 permits approved in April, which had marked the most permits granted since July 2014. On an annual basis, permits expanded 21.8% in May, which was notably below the 50.9% increase recorded in the previous month.
As a result of the monthly figure, the moving three-month sum of permits totaled 11,517 in May, which represented a 17.8% increase over the same period last year. The figure followed April’s 28.0% expansion, which had marked the highest point since 2006. However, the current number of permits represents a mere fraction of the 268,266 permits that were granted during the July–September 2006 peak.