La sagrada familia in Spain

Spain Housing May 2020

Spain: Housing permits plunge again in May

The Spanish Board of Architects approved 5,986 permits in May, according to data published by the Ministry of Public Works. The figure was well below the 9,525 permits granted in May 2019 but above the 4,043 permits granted in April. On an annual basis, permits declined 37.2% in May, less than April’s 58.4% plunge which had marked the steepest drop in over seven years.

Meanwhile, the moving three-month sum of permits totaled 16,124 in May, which represented a 43.7% fall from the same period in 2019 and followed the 32.0% decrease recorded in April. 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 Great Recession.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest