Building Permits for Housing Continue to Grow
February 2nd, 2016
According to the latest data published by the Spanish Ministry of Public Works, between January and November of 2015, the number of permits authorised for new construction for residential use in Spain amounted to a total of 44,577, which represents an increase of 35% compared with the same period of the previous year, when a total of 33,007 permits were authorised.
Of the total number of permits issued during this 11 month period, some 31,082 were for apartments in blocks, registering a year-on-year rise of 39.5%, and 13,477 of the permits related to individual family homes, with a year-on-year increase of 25.9%. Moreover, there were also 18 permit applications for other types of buildings not intended for family dwellings, which is three less than the figure recorded in the same period of the previous year.
El Mundo reported that this significant increase to November comes after new builds broke the streak of seven consecutive negative years in 2014, registering an increase of 1.7%, to reach a total of 34,873 licences granted. This followed the historical minimum registered in 2013 when, compared to the peak levels reached in 2006 when a total of 865,561 permits were issued, just 34,288 permits were issued, representing a decline of 96%.
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