Visas for new construction for residential use reached 64,038 units in 2016, an increase of 29% compared to 2015 (49,695 units). In this way, the permits keep the path up and chain three consecutive years in positive, according to data from the Ministry of Public Works.
Of the total number of visas in 2016, 46,889 were in block flats (up 34% year-on-year) and 17,134 single-family homes, with an annual increase of 17%. In addition, 15 permits were requested for other types of buildings not intended for family dwellings, compared to 19 for 2015.
This rise in 2016 comes after the visa recovery (with an improvement of 42.5%) was consolidated in 2015, which began in 2014, a year in which it broke with seven consecutive years in negative terms when it rebounded 1, 7%. This indicator of the real estate market in 2013 marked a record low (34,288 units), a figure that from the peak reached in 2006, with 865,561 visas, was a collapse of 96%.
If you are looking for properties, new or second hand, in the Costa Blanca or Costa Cálida, in towns like Santa Pola, Ciudad Quesada, Torrevieja or Guardamar del Segura, 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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