Spain: Housing permits increase in March
The Spanish Board of Architects approved 8,603 new construction permits in March, according to data published by the Ministry of Public Works. The figure was above the 6,403 permits granted in March 2020 and the 7,818 permits granted in February 2021. On an annual basis, permits jumped 34.4%, contrasting February’s 14.6% fall.
Meanwhile, the moving three-month sum of permits totaled 23,783 in March, which represented a 0.6% dip from the same period of 2020 and followed the 13.1% decline recorded in February. The current number of permits represents a mere fraction of the 268,266 permits granted during the July–September 2006 peak amid a booming housing market in the leadup to the global financial crisis.