Spain: Housing permits lose steam in August
October 30, 2015
In August, the Spanish Board of Architects (Colegio de Arquitectos Tecnicos) granted 2,742 new construction permits, according to data published by the Ministry of Public Works (Ministerio de Fomento). The figure was below the 5,198 permits approved in July, which had marked the most permits granted since December 2011. On an annual basis, permits expanded 31.7% in August, which was notably above the 12.0% increase recorded in the previous month.
As a result of the monthly figure, the moving three-month sum of permits totaled 12,480 in August, which represented a 27.5% increase over the same period last year. The figure followed July’s 25.0% expansion. However, the current number of permits represents a mere fraction of the 268,266 permits that were granted during the July–September 2006 peak.