Spain Housing January 2017

Spain

Spain: Housing permits increase notably in January

March 30, 2017

In January, the Spanish Board of Architects (Colegio de Arquitectos Técnicos) granted 6,234 new construction permits, according to data published by the Ministry of Public Works (Ministerio de Fomento). The figure was well above the 4,898 permits approved in December and marked the best reading in six months. On an annual basis, permits jumped 26.1% in January, which contrasted the 3.5% decrease recorded in the previous month.

The moving three-month sum of permits totaled a six-month high of 17,077 in January, which represented a 15.7% increase from the same period of the previous year. The figure followed December’s 19.9% expansion. Nevertheless, the current number of permits represents a mere fraction of the 268,266 permits that were granted during the July–September 2006 peak.


Author:, Economist

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Spain Housing January 2017

Note: Monthly construction permits and three-month sum in thousands.
Source: Ministry of Public Works and Spanish Board of Architects.


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