real estate market Alicante For now, surviving the decline in sales already recorded in much of the country due to the rise in interest rates and uncertainty. greatest weight international buyers -especially with the increase in arrivals from Eastern European countries due to the outbreak of the Ukrainian War- and acceleration of new construction deliveries Allowed the number of operations in the province continuebut yes, with much more modest figures than last year.
Thus, they were registered in the Land Registry in May. 4,907 sales of houses in Alicante representing 5% increase According to data released by the INE this Friday, this contrasts with the 6.4% decline recorded at the national level compared to the same month of the previous year.
Balance with these numbers first five months year in total 21,815 transactions in the province, 9.3% More than 2022, but the truth is, evolution in this time restraint in the form of saw teeth. Thus, while the dynamism of the previous year was preserved with a 19% growth in January compared to the same period of the previous year, the increase that decreased to 5.4% in March increased to 9% and again to 5% in April. May.
When we look at the data of this last month, the most striking thing is that the concentration of all the increase in the number of operations in new construction, with an increase of 45% compared to the same period of the previous year –774 transactions registered against 533-, used home transactions stagnated although they continued to make up most of the market at 4,133 deals, down five from May 2022.
Likewise, looking at the whole of this year so far, there has been a 25% increase in new residences, while this rate is 7% in used residences.
post-pandemic boom
In this sense, the general secretary of the Provincial Association of Alicante Promoters (Provia), Jesus Rosdraws attention to the fact that this significant recovery is due to the fact that these months took place. Homes bought off plan by many buyers are being delivered in 2021, when the post-lock boom starts.
So Ros, after the industry’s paralysis in 2020, Numerous projects restarted in 2021 And demand skyrocketedThis led businessmen to make decisions. fast completion of promotions that they are continuing. Some houses that are notarized during these months.
“Most second houses, so usually delivered in the months before summer So buyers can now enjoy them,” explains a spokesperson for the promoters. technical stocks outIn other words, they sold all the finished product they had and new projects started construction with the majority of units sold.
The business representative, unlike second-hand, in the case of new construction, where the situation is more specific, longer-term operations, Good level of off-plan sales are also maintained. largely because most buyers are foreign and do not need financing or they charge small amounts, so they are not as affected by the rise in mortgage costs as before.
In this context, the latest data of the Notaries Union for the first quarter, although much more moderate than the last two years, also reflect the continued upward trend in home sales to international customers. growth largely sustained by Purchased from Poles, Ukrainians or RussiansThis has increased exponentially as a result of the outbreak of the ongoing war between the last two countries. However, there have been declines from other nationalities such as British, Swedish or German.
Source: Informacion
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