Tag: College of Technical Architects

Ministry Of Development: Housing Permits Rise By 37%

30 September 2016 – Expansión

The number of housing permits granted by the college of technical architects soared by 37% during the first seven months of the year, to reach 39,497, the best figure between January and July since 2011, according to the latest data from the Ministry of Development.

Despite the increase, residential construction permits are still a long way from the highs recorded in 2007, when at the height of the boom, 448,991 permits were granted between January and July, i.e. 91% more than have been issued so far this year.

The number of housing permits started the year (2016) with an increase of 44% to 4,943. In February, the YoY increase was 35%, as 5,663 permits were granted, whilst in March the figure doubled to 6,176. In April, the increase was more moderate, up by 6.5% to 4,795 permits and in May the number soared by 79% to 7,985. In June, the figure rose by just 0.6% and in July, double-digit growth returned with an increase of 21%.

The total number of permits granted for new builds, renovations and extensions during the seven months to July was 56,407, which represents an increase of 24.6% with respect to 2015.

By property type, the number of permits granted to construct block housing rose by 45.5%, to 29,362 licences, whilst the number granted for family homes grew by 17% to 10,129.

In terms of surface area, the average size of family homes amounted to 200 sqm, whilst the average size of apartments in block housing stood at 117 sqm.

Since the Ministry of Development began to prepare these statistics in 1991, the number of permits reached their historical monthly minimum in August 2013, when just 1,585 permits were granted. The historical monthly maximum was recorded in September 2006, when 126,753 permits were granted.

Original story: Expansión

Translation: Carmel Drake

Ministry Of Development: Housing Permits Rise By 42%

1 July 2016 – El Economista

The number of permits granted by the College of Technical Architects for the construction of homes shot up by 42% during the first four months of the year to 21,577, the best figure recorded between January and April since 2011, according to the latest data from the Ministry of Development.

Despite the increase, the number of housing permits granted still falls well below the maximum levels recorded in 2007, when at the height of the real estate boom, 276,588 permits were granted during the first four months of the year, 92% more than in 2016.

The number of permits granted started the year with an increase of 44%, at 4,943. In February, the YoY rise amounted to 35%, with 5,663 permits; meanwhile, in March, the number doubled to 6,176 and in April the increase moderated to 6.5%, with 4,795 permits.

In total, the number of permits granted for new builds, renovations and extensions during the four months to April stood at 30,236, which represents an increase of 27.6% with respect to 2015.

By type of property, permits to construct housing blocks rose by 45%, to 15,843 licences, whilst permits for family homes grew by 34%, to 5,730. In terms of surface area, the average size of family homes stood at 201 sqm, whilst the average size of apartments was 117 sqm.

Since the Ministry of Development began compiling these statistics in 1991, the number of permits granted reached its historical monthly low in August 2013, when just 1,585 licences were granted. The series maximum was recorded in September 2006 with the granting of 126,753 permits.

Original story: El Economista

Translation: Carmel Drake

Housing Permits Rose Slightly In 2014 After 7 Years In Decline

27 February 2015 – Expansión

The Colleges of Technical Architects granted 34,873 permits for the construction of homes in 2014, a very small increase, of 0.003%, but still an increase and the first sign of growth after seven years of decreases, according to the most recent information published by the Ministry of Development.

Despite this increase, (the number of) housing permits remains well below the peaks recorded in 2006, during the height of the real estate sector boom, when they exceeded 865,000 in one full year. Since then, the cumulative decrease amounts to 96%.

The number of housing permits started to fall in 2007, by 24.8%, and since then have continued on a downwards trend to reach their lowest levels at the end of last year.

Since 1991, when the Ministry of Development first started to compile this data, the number of permits reached their historic monthly low in August last year, when there were only 1,585 granted. The historical (monthly) peak was recorded in September 2006, with 126,753 permits granted.

In total, the number of permits granted for new builds, renovations and extensions amounted to 58,776 (last year), which represented an increase of 0.06%, with respect to 2013.

By type of property, permits to construct housing blocks increased by 1.6%, with 23,301 licences, whilst permits to construct family homes rose by 1.4%, to 23,301.

In terms of size (surface area), the average size of family homes was 198 square metres and the average size of apartments was 112 square metres.

Original story: Expansión

Translation: Carmel Drake