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Covid Slows the Start of New Build Projects: Approved Space Falls by 21%

Between January and September, 67,789 new homes were approved for construction in Spain, which is 14% fewer than in 2019, according to CSCAE.

Obra en construcción de Amenabar en Valdebebas

As a result of the Covid crisis, the surface area for new construction in Spain has fallen by 21% during the first nine months of the year compared to the same period in 2019. Specifically, 3.5 million square metres less, according to the first Architecture and Building Barometer prepared by the Senior Council of the Colleges of Architects of Spain (CSCAE).

Meanwhile, the number of approved new-build homes has fallen by 14% in interannual terms to 67,789 units, which is 11,046 fewer than during the first three quarters of 2019.

Read the full article in Spanish.

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