Planning approvals fall as housebuilding sector dies

spanish house building residential planning approvals

Residential planning approvals fell 31pc in Q1 compared to last year, to the lowest level since the crisis began. The house building industry in Spain has basically shriveled up. What a difference 6 years makes (see chart).

Juan Eloy Durá, President of the Valencian federation of construction companies, recently said that “builders no longer exist.”

When the sector eventually picks up, as it must (though who knows when), there could be a big shortage of capacity and a great opportunity for those in a position to exploit it.

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About Mark Stücklin

Mark Stücklin is a Barcelona-based property market analyst and consultant, and author of the 'Spanish Property Doctor' column in the Sunday Times (2005 - 2008). He can be reached by email on ms@spanishpropertyinsight.com.