Spain: Housing permits rise in January
March 27, 2013
In January, the Spanish Board of Architects (Colegio de Arquitectos Tecnicos) granted 3,274 new construction permits, according to data published by the Ministry of Public Works (Ministerio de Fomento). The figure was up from the 2,587 permits approved in December. That said, permits dropped 31.4% on an annual basis, which adds to the steep 52.2% fall recorded in December.
As a result of the monthly figure, the moving 3-month sum totalled 8,967 permits in January, which represents a 39.3% decline over the level recorded in the same period last year. At the current level, permits are only a fraction of the number given during the peak in the July-September period of 2006, when 268,266 permits were granted.