YTD Apr 15: Construction Permits Increase By 30% YoY

30 June 2015 – Expansión

According to the latest data from the Ministry of Development, the number of permits granted by the colleges of technical architects for the construction of homes amounted to 15,178 during the first four months of the year, up by 29.9% on the same period in 2014 (11,680).

The rate of growth increased significantly in April, since during the first quarter of the year (from January to March), the number of permits increased by just 23% YoY.

In April, the number of permits granted increased to 4,497, which represents an increase of 50.8% with respect to the same month in 2014 and a return to growth after the slow down in March.

Permits started the year with growth of 37% in January, a percentage that increased to 57% in February.

Nevertheless, in March, the trend was broken and the number of permits decreased by 13.6% in YoY terms.

In inter-monthly terms, permits increased by 46.8% in April with respect to the previous month, which represents a change in the trend, since in March, the number had reduced by 27% with respect to February.

Original story: Expansión

Translation: Carmel Drake