this Alicante real estate market It has never made as many international buyers or as much money as it did in the first half of this year. this request stopped during the pandemic, reactivation economic or fear interest increases Interest rates significantly accelerated transaction volume in the months before summer, which was also driven by the decision by many Central European citizens to seek a second residence. to avoid the consequences of warand possible gas restrictions next winter.
A set of conditions that cause it to happen between January and June Foreigners will buy 15,930 houses in Alicantealmost twice as much as in the same period last year, and 40% more of those counted in the first half of 2019According to the data provided by Valencian Notary College. Or, what is almost the same 90 transactions per dayDating back to 2010, it is the highest figure in the historical series of this statistic.
“The activity was crazythe numbers are brutal”, acquaintance of the vice dean of the Notary’s Association Alicante Jonah Martinez, This attributes the evolution to the sum of factors intensified during these months. Predicting the mortgage increase, In cases where financing is needed, until the decision to apply for brick as an investment, due to the depreciation of the savings remaining in the bank. inflation.
“Demand was very strong and continued throughout July, but we will now see what happens in the last part of the year when everything shows that the pace will slow down,” Martínez says.
Along with the greater number of transactions, the price paid by foreigners for each of these houses has also increased. almost 8% more expensiveuntil you reach the mean 174.387 €, well over 117,120 spent by local buyers. One difference that has been largely explained is that since foreigners are the main customers of new construction promotions, they are buying more chalets and concentrating their demand on tourist spots where the price per square meter is higher.
As a result, in just six months, the international market was booming. 2,777 million Some euros in the province compared to the 1.615m euros it recorded in the same period of 2019. In order to give an idea about the volume assumed by this, the exports of the main industry of the province were 667 million in the same period, while the foreign sales of the Alicante companies were 3.567 million, which did not even add up to a quarter of this figure.
From the Provincial Supporters Association (To ensure), general secretary, Jesualdo Rossacknowledges that the demand in recent months has been extraordinary, and effect of war to speed up sales. Thus, in addition to their Ukrainians The contractors, who purchased 431 houses in the first half, detected a significant increase in their housing purchases. nationals of the countries closest to the conflict zone, They point out that there are far more buyers than in other Central European countries, such as Poland, but fearing the consequences, such as higher energy prices and even the threat of gas supply cuts next winter. Like this germans They bought 1,408 homes in the state in the first half of this year, more than double the pre-pandemic normal, according to data from notaries. Number Lithuanians 3xed, up to 266 operations and purchases romanian It rose to 463.
But the truth is, increases were common. For example, it also highlights the increase in buyers. DutchIt reached 1,412 compared to 562 in the first half of 2019. FrenchWith 968 transactions, 40% more than before the pandemic. Even Russiansdespite the difficulties in carrying the money, they bought 508 houses.
Likewise, the market Belgian With 1,490 sales in Costa Blanca’s international segment, it remains the second most important company surpassed only by the British. On your own behalf Swedes It performed 1,176 operations, an increase of 28.6% compared to 2019. Norwegian One of the few nations that has not recovered to pre-covid levels with 470 homes purchased.
British customers lead the market despite Brexit
The British show bomb-proof loyalty to the province. Despite Brexit and all the inconvenience caused by the decision to leave the EU, UK citizens remain the most numerous among foreign home buyers on the Costa Blanca. Thus, in the first half of the year, they processed 2,372 transactions, more than double last year and 10% more than in 2019, before the pandemic and Brexit itself took effect, according to the Notary Public’s data. Of course, it is necessary to take into account that some of these transactions take place between British people who are permanently settled in the state as permanent residents. As for its distribution within the province, Orihuela continues to be the preferred destination by a large margin, adding 535 purchases. Torrevieja with them 212; Rojales with 197; Xàbia with 136; and Pilar de la Horadada with 99.
Source: Informacion
Christina Moncayo is a contributing writer for “Social Bites”. Her focus is on the gaming industry and she provides in-depth coverage of the latest news and trends in the world of gaming.