Sharp rise in new build housing permits issued
Friday, November 28, 2014 @ 7:18 PM
PERMITS issued for building new homes in Spain have increased dramatically this year with 2,883 handed out in September alone, says the ministry of public works.
By the end of the third quarter of 2014, a total of 27,598 new build licences were granted by the College of Technical Architects, compared to 22,817 in the same period last year.
And the amount of permits issued in September this year was up 31.6% on the same month in 2013.
Although these figures are encouraging in terms of the housing market recovery, they remain a far cry from their peak in 2006 when over 600,000 were issued in the first nine months of the year.
But the ministry says the upsurge of 20.6% so far this year is a positive sign that interest in buying property in Spain is on the up.
In total, 45,604 permits were handed out by the College of Technical Architects in August this year for new builds, renovations and extensions – an increase of 2.2% on the same month in 2013.
Read more at thinkSPAIN.com