Planning approvals fall 58% in first 7 months

Planning approvals fell 58%, to 188,046 units, in the first 7 months of the year, according to the Ministry of Housing.

Despite the annual fall, on a monthly basis there was a slight increase in planning approvals, with 4% more in July than in June.

80% of planning approvals were for blocks of flats, which are down in volume by 60% since last July. Detached and semi-detached properties make up 40% of planning approvals, and were down by a more modest 45%.

Applications for refurbishments fell by 6% compared to last year.

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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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