Despite the decline recorded in recent months Real estate market in the province of Alicante It remains the most dynamic in the Valencian Community and One of Spain’s most dynamic. A situation where pressure from foreign buyers is greatly influential, but also The attractiveness of the region for investorsAccording to a report by real estate franchise group Tecnocasa.
Specifically, the study shows that the province counts as: 4.26 years of operations per 100 homes The current figure far exceeds the recorded figures. Valencia or Castellón, with operations 2.89 and 2.77respectively.
However, in addition to this, the data above national average, this stays inside 2.66 transactions per 100 propertiesThis reflects the interest that the region arouses among buyers.
According to populations, Saint Fulgencio The municipality with the highest sales volume according to real estate stock, with 7.07 transactions per 100 registered houses; followed by Torreviejawith 5.89 and rojales With 5.88, it is all in the Vega Baja region, one of the biggest locomotives in the industry.
The two municipalities of La Marina come in fourth and fifth place. Altea And CalpeAccording to the report in question, with 5,27 and 5 operations respectively.
Prices are increasing
Beyond this dynamism indicator, the study analyzes the market situation in Turkey in more depth. Alicante city through data provided by its network. A market with high prices Second-hand housing rate increased to 8.3 percent last year and rent has become more expensive, 11.3%According to figures provided by the group.
One of the most striking features of the provincial capital is buyer profile, Because according to the report, investors monopolize 45.6% of all transactions Real estate offices formalized within the municipality. Those responsible for the research also admit that this is so. a “very high” percentage, especially when compared to approximately 28% represents such buyers nationally. Second home demand accounts for 8.8%, while primary home demand accounts for 45.6%.
The reasons for this interest from investors should be sought in the attractiveness of the city for both foreign visitors and those from other provinces. use of properties for touristic purposes. But in addition, it is also quite attractive to bring apartments to the traditional rental marketThe profitability achieved is due to the purchase prices, which are not yet excessive, as in other large capitals, and above a considerable monthly income. So, according to the calculations of the person responsible for the report –Lazaro CuberoDirector of Analysis at Tecnocasa – average profitability of buyers with intent to rent 7% per year.
Of course, the real estate franchise group also warns: Changes brought to the housing law many owners remove your properties from circulation. Specifically, they calculate that global supply could decrease 19.7% This will reduce the total stock of rental apartments in Alicante by approximately 6,600 units. Specifically, when current contracts expire, 9.3% of homeowners are considering selling the home to avoid potential problems, and another 10.4% are considering renting the home for a use other than their habitual residence.
Another noteworthy information is the distortion between the amounts initially requested by those who decide to sell a house in the city and the amounts accepted by the market. In this way, according to Cubero, property owners overvalue their properties by an average of 18%.
Three out of four homes are paid in cash
According to Tecnocasa figures, 74.3 percent of houses sold in the city of Alicante are currently paid in cash. The majority of those seeking financing opt for a fixed-rate mortgage at 54.8%, although the figure is down significantly from 60% last year or 93% in 2021, according to this study. Instead, blended mortgages dominate with 32.3% of operations. Regarding age, 40 percent of buyers are between 25 and 44 years old and more than half have a permanent contract.
Source: Informacion
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