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.

About Mark Stücklin

Mark Stücklin is a Barcelona-based Spanish property market analyst, and author of the 'Spanish Property Doctor' column in the Sunday Times (2005 - 2008). He can be reached by email on ms@spanishpropertyinsight.com. All articles published in good faith as a general guide but no substitute for professional advice. Please read the SPI disclaimer

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