THE construction of new homes in Spain is on the up.
Applications for building permits rose by 3.3% in the first eight months of 2014, compared to the same period in last year.
Ministry of Development data shows a total of 24,696 requests have been received this year.
If the current rate of applications is maintained, 2014 could end with more than 37,000 permits applied for – beating last year’s 34,288.
This is the second consecutive improvement following the continuous declines experienced since the beginning of the financial crisis.
Nearly 70% of the applications were for the construction of housing in apartment blocks – a total of 16,782 – which is an increase of 3.7% on 2013.
The remaining applications were for the construction of family homes – a total of 7,902 – which is an increase of 2.3% on 2013.