This is a website for buyers, owners, and sellers of property in Spain, offering reliable information and resources to help you get things done with confidence. It is run by Mark Stücklin, author of the Spanish Property Doctor Column in The Sunday Times (2005-2008), and the book ‘Need to Know: Buying Property in Spain’ published by Collins.
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.
Mark says:
Planning approvals fell another 35pc YoY in April according to the latest figures from Fomento.