It doesn’t matter if it has a pool or not, first or fifth. Any ordinary citizen buy an apartment or in a mansion on the beach there is always a overflow in relation to a dwelling with similar characteristics elsewhere. that a difference In the case of the state of Alicante, the average exceeds 55%According to the report Housing in Costa 2023produced annually tinsa With data on the development of the second internal market in 22 provinces on the Spanish coast.
Thus, according to the appraiser’s calculations, square meter of a tourist home is located in 2,100 euros compared to 1,348 euros for an average property from the region. Or in other words, the extra cost of buying a second home exceeds 750 euros per meter of the house.
“Overheating” request
Tinsa’s report warns of a certain “overheating” of demand due to the influx of foreign buyers in Alicante, Valencia and some off the coast of the islands. A trend that is expected to be corrected by an increase in interest rates.
As it makes sense, these figures are heavily influenced by the fact that the statistics also include data from inland towns where prices are much more adjusted, but even this is so. within the same coastal municipality The price varies greatly depending on where the house is going. In particular, on average, a second residence is sold in a municipality on the coast of Alicante 35% more expensive according to the same survey, more than an apartment for the local population, ie for the first dwelling in such an area, the average price of which is 1,533 euros per meter.
In this sense hebiggest differences They occur in populations. central beach the city in which it is located Between El Campello and Santa Pola, hence also includes numbers for the city of Alicante or Elche. In this case, the average square meter of houses that can be considered as second homes is 2,200 euros, while the average for the house group is 1,458 euros, which means a difference of 742 euros. Distance also matters. occurring Southern RegionBetween Guardamar and Torrevieja, here tourist homes are listed at 2,100 euros, while the property set is listed at 1,387 euros for 713 euros less.
This Distances tend to shorten in populations of the northern region., where it is more difficult to distinguish between constructions intended for recreational use and those occupied by the permanent population. In this way, the difference in the lane from La Vila to Calp drops to 604 euros, while in the lane from Benissa to Dénia there is almost no difference.
below average
Compared to the rest of the country, second homes on the Alicante coast are still above average. at national level square meter of tourist residence Currently listed as 2,550 Euros, after rising 6.3% on the last one. The second most expensive houses in Istanbul Balearic Islands, already paid an average of 6,000 euros per square meter; followed by Malagawith 3,400 euros per mistress; guipuzcoawith 3.300 Euros; And Tenerife Santa Cruz, with 2,900 euros. On the contrary, most cheap they are inside logoan apartment on the beach costs only 1,100 euros; Murcia, that the metro costs 1,300 euros; And Cantabrian, with 1,500 euros. Alicante would be 11th on the list.
In the case of Alicante, the report shows the appraisal value of houses for second homes. almost unchanged In the last year, the square meter value of all real estate in the province has increased by 3.3 percent.
Coastal municipalities concentrate more than 70% of the activity.
The Tinsa report confirms the high weight that coastal towns represent in the provincial real estate market as a whole, concentrating up to 72% of all transactions carried out last year at the border and 69% of visas for construction. your new homes. This ratio was exceeded only in the archipelago and in Malaga, where the activities of the coastal municipalities accounted for more than 80% of the total. In this sense, the authors of the report underline that because the buyer’s profile has higher purchasing power, the second domestic market is better able to withstand the impact of interest rate hikes, so the decline affects them less than it can account for inflation and also needs less financing to buy .
Source: Informacion
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