Housing construction rebounds in the final stretch of the year

The construction of housing soaring flight in the last months of the year, and points to its best mark since the bursting of the bubble. Last October were reque

Housing construction rebounds in the final stretch of the year

The construction of housing soaring flight in the last months of the year, and points to its best mark since the bursting of the bubble. Last October were requested in Spain, permissions to 9.199 new flats and houses, 7.2% more than in the same month of 2018. According to data from the Ministry of public works, from January to October will have a visa works to build 91.156 housing. That figure is 8.7% higher than that recorded last year in the first ten months of the year.

The computation of annual points, in addition, that the activity of 2019 will beat to that achieved last year, when Spain became to build more than 100,000 houses for the first time since the recovery in real estate. Only a big drop in the last two months of the year may deprive the sector of return to exceed that mark. It would be a sudden drop is unexpected because, after a bump in the middle months of the year, construction has recovered the path of growth in September and October.

just match the figures of last year, 2019 would be the best year since the bursting of the bubble. After years of construction was excessive (only in 2006 visaron in Spain permits to erect more dwellings in the last ten years together), the economic crisis almost completely paralysed the construction. In 2009, still with the inertia of the previous years, were initiated in Spain almost 111.000 dwellings, a figure similar to that pointed to by 2019.

Year of inflection

however, the forecast falls far short of the 150,000 houses that many developers pointed out some time ago as the cruise speed that is optimal for Spain. By the evolution that has experienced the building this year, does not seem very likely that that level will be attained soon. After bottoming out in 2013 and 2014, the activity was recovered with year on year growth of double digit. In fact, so ripped 2019. But between may and August, we experienced four consecutive months of setbacks and, after the rebound of September, a new uploads seem to be much more mitigated.

Rest to the October figures, the 9.199 new housing for the requested visa, 7.042 were flats in blocks and 2.150 single-family homes. The surface of the first back to the the 106.5 square meters, the lowest average since may of 2015. On the contrary, the average area of the single family homes stood at 202,1 square metres, greater than that of the previous month (198,8 square feet).

together, the visa of the direction of the work requested in the colleges of technical architects and surveyors throughout Spain last October, was supposed to construct 1.730.755 square metres of new housing. The budget of material execution of the works necessary for this purpose reached the 917,9 million euros.

Updated Date: 26 December 2019, 18:00

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