Home » Property News » Planning approvals fall 55% in first half of 2008

Planning approvals fall 55% in first half of 2008

Planning approvals fell by 55% to 162,969 in the first half of the year, according to figures from Spain’s college of architects. Not including social housing, planning approvals fell by 58.6%, implying that the number of new homes coming onto the market in the next couple of years will fall dramatically.

In Catalonia, one of the regions most affected by the Spanish property downturn, planning approvals fell by 71% to 14,704.

Tagged:

SPI NEWSLETTER

Property market news & intelligence, plus valuable articles and tips for buyers, owners, vendors & industry insiders straight to your inbox. Never miss an important heads-up!

By submitting this form you agree to our Privacy Policy & Terms of Use. You will be sent an email to confirm your subscription, so please look out for that.

Leave a Reply