Spain: Housing permits increase slightly in January
The Spanish Board of Architects approved 7,362 new construction permits in January 2021, according to data published by the Ministry of Public Works. The figure was below the 8,376 permits granted in January 2020 but above the 7,059 permits granted in December 2020. On an annual basis, permits declined 12.1%, following December’s 12.5% drop.
Meanwhile, the moving three-month sum of permits totaled 23,435 in January, which represented a 0.4% uptick from the same period of 2020 and followed the 5.0% fall recorded in December. 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.