When the price of the house in Spain fell month after month and the transactions failed to overcome the flight, Alicante touched the ground and stabilized to start rebounding. It did so in 2014. Sales and prices in the province of Alicante started to recover earlier than in any other part of the Spanish geography, due in large measure to the important weight that the foreign buyer has always had in all of its transactions.
Behind this early recovery are precisely the hand of the foreign buyer and the important weight of the holiday home in this market. To give us an idea, in 2012, foreigners accounted for 33% of total transactions in the province of Alicante compared to 67% national. In 2016, the percentage was increased to 40%. Some purchases that undoubtedly have given a strong boost to the transactions in the province.
In 2012, Alicante was the only province where transactions were carried out for the first time. The increase was timid, barely 0.19%, according to data from the Association of Registrars, but it was the first indication that, at least in that part of Spain, the real estate crisis had come to an end. Just a year earlier, sales dropped 13%, while a year later (2013) was up about 12%.
In the last five years, Alicante has shown that it has a lot to say from the real estate standpoint. Last year it occupied the third position with respect to the provinces that registered greater number of buyouts behind Madrid (58,752 transactions) and Barcelona (46,415 homes sold). Specifically, 29,688 homes were sold throughout the province of Alicante, ahead of Malaga (26,436), Valencia (21,963) and the Balearic Islands. A third position is maintained if we break the data between new and second-hand housing, according to data from the Registrar.
If you are looking for properties, new or second hand, in the Costa Blanca or Costa Cálida, in towns like Ciudad Quesada, Torrevieja, Guardamar del Segura or Santa Pola, check out our property catalog. Barceló Real Estate is part of the Barceló Group, a company with more than 20 years of experience in the real estate sector.
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