This influx of foreign buyers Registered after the restrictions were lifted due to the pandemic Alicante it happened last year State with the highest sales all over Spain. Moreover, it did so at figures very close to those recorded during the housing bubble, despite a noticeable slowdown in demand that coincided with the rise in interest rates in the second half of the year.
According to the latest data of the School of Student Affairs, the province will complete the year 2022. 49,977 transactions, 37.9% more It registered 646,241 transactions, representing the largest increase in the entire country and 14.5% more than the previous year as a whole.
Only Palmwith an increase of 32.2%; Avilawith 30.6%; Tenerife Santa Cruz (27.5%) and Malaga (25.5%) was close to the growth rate of the market in Alicante. Except for the province of Castile, they all have an important position. residential tourism componentwith high foreign demand.
With this transaction volume, the province is also in the 3rd place with the highest total sales volume, right after the two cities with much higher populations: Madridwhere they were sold last year 83,388 residences, 3.9% more; And Barcelonawith 66,537 transactions and an annual increase of 15.1%.
Also, this figure represents Highest volume of homes sold in a single year since 2007, According to the same sources, 52,816 operations were formalized while the real estate bubble was dying.
However, it should be noted that the growth rate slowed down in the last quarterWith the sales of 12,299 units, it increased by 21.2% compared to the previous year and was limited to 3.2% especially in December.
exceptional year
In this sense, this is how the industry sees 2022. a completely exceptional year, As the general secretary of the Provincial Supporters Association noted, a combination of factors allowed these figures (Provia), Jesus Ros. For starters, Ros. foreign debt during the two years of the pandemic, which was also driven by effect of war this resulted in a greater influx of buyers from Eastern countries, including Ukrainian families who came to the Costa Blanca for shelter.
We must add to this the strong local demand, which has a positive effect on the savings created during the pandemic period and accelerated with the epidemic. interest increasesleading many stakeholders, to advance your purchasing decision, for fear of not being able to access bank finances later on.
All this meant that most contractors had literally run out of stock in the province when it came to newly built housing, according to Provia’s secretary general.
However, the reality is that new construction represents a minority segment of the market with a total of 6,129 operations, 11.4% more operations, while the largest volume of operations continues to be concentrated in second-hand housing at 43,848 operations, increasing 42.6%.
Price:%s
With these data, they predicted a sector until 2023. “market normalization”i.e. a return to a trading volume that they consider more sustainable over time. Of course, according to the managing director of Marsol Internacional, Pedro MenarguezWhich price drops are not expected, except in certain areas, because the offer has been significantly reduced, which will help maintain it. In this context, Menárguez recalls that many developers chose to paralyze their projects while waiting for construction costs to drop.
Chalets and bungalows already make up one of five operations
One of the trends that has continued since the beginning of the epidemic is the higher percentage of single-family homes sold. Therefore, chalets, bungalows and the like account for 22.11% of all registered transactions in the Community of Valencia, three points more than at the national level. As a result, the size of properties sold is also larger. Specifically, 56.25% of notarized homes last year were larger than 80 square meters, compared to 50.7% nationwide. As for the price, the average value per square meter of homes sold in the region was 1,608 euros, 5.8% more than in 2021.
Source: Informacion
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