possible slowdown of the economy and increase in housing loans, This increase, which will reduce the mobility of the real estate market, will not be enough to decrease the housing prices as it was during the great recession after the bursting of the real estate bubble in 2008. At least that’s the estimate made by the Alicante appraisal. Euroval, which predicts that it will continue with square meters, moderate rebound during subsequent exercises.
According to the report, especially Projection of house prices in Spain 2023-2025 produced by the company he manages Nacho Amirola, the Average house price will increase by 6.6% in Alicante Until the last quarter of 2025 an annual average increase of 2.2%.
Thus, sq.m. from 1,364 euros available during this period. 1.454 €when considering both new and used housing, which currently holds the greatest weight.
However, they emphasize from the appraiser that this is a projection made by taking into account. current market conditions and economic evolution and that this evolution may change due to certain changes in the market. For example, if the incentive for new construction increases significantly because the cost of newly built homes is higher, this raises the average; or if Increasing demand for investment propertyas a way protects against inflation.
On the contrary, higher-than-expected increases interest rates, credit curtailment or weak employment growth may also adversely affect transactions and housing prices.
As for comparison with the national and regional average, in the first case Alicante will slightly exceed the Spanish average for price increases in the coming years, as a total cumulative increase of 5.8% is expected throughout the country by 2025. On the other hand, the revaluation of the average house price in Alicante would remain the same. far below Valencia and, above all, Castellón’s, which will increase by 10.4% and 11.3% respectively over the same period, according to Euroval’s forecast.
Of course, Alicante remains the region of autonomy with the highest average prices in absolute terms. Thus, it drops to an average of 1,191 Euros in Valencia and 1,058 Euros in Castellón, compared to 1,312 Euros currently paid per square meter in Alicante.
Source: Informacion
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