Planning approvals – the seeds of new housing supply in coming years – fell by 58.1% to 252,916 in 2008, according to the latest figures from Spain’s College of Architects.
This is the biggest ever fall on record.
Planning approvals for government-subsidised social housing rose by 3.6%. Stripping out social housing, planning approvals fell by 62.8% in 2008 compared to the year before.
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).
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