Spain | Permits in March 2015: a worse than expected figure closed 1Q15 positively

Permits in March fell to 3.064, representing a decrease of 18.3% from the previous month. Although the data surprised negatively, the quarterly aggregate shows an increase of visas around 49% compared to 4Q14. The refurbishment remained stagnant in March and ended a quarter with an increase from the previous one.

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