Spain Housing November 2015

Spain

Spain: Housing permits rise in November

January 28, 2016

In November, the Spanish Board of Architects (Colegio de Arquitectos Tecnicos) granted 4,699 new construction permits, according to data published by the Ministry of Public Works (Ministerio de Fomento). The figure was above the 3,701 permits approved in October. On an annual basis, permits rose a notable 118.7%, which was significantly above the 13.4% increase recorded in the previous month.

As a result of the monthly figure, the moving three-month sum of permits totaled 12,997 in November, which represented a 56.7% increase over the same period of the previous year. The figure followed October’s 34.2% expansion and marked a four-month high. However, the current number of permits represents a mere fraction of the 268,266 permits that were granted during the July–September 2006 peak.


Author: Angela Bouzanis, Senior Economist

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Spain Housing November 2015

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


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