this boom who lives home sales in the province Alicante Since the post-pandemic health situation began to normalize last summer it took, despite the rise in Euribor that started to accelerate in those months. Thus, due to this increase in financing costs, it became official between July and September rather than the current restraint of the market. 14,540 transactions in the state, so 22.4% increase According to the data of the Ministry of Transport, Mobility and Urban Agenda, compared to the same period of the previous year, it grew much higher than the national average of 3.8%.
About Highest trading volume at this time of year since 2006 While 17,223 homes were sold in the summer in the midst of the real estate bubble, something usual since August lowers the notary’s holidays summer rate, albeit slightly below the second quarter figure (16,243).
With this new data, cumulative for the first nine months of the year already throws a balance 44,134 houses Sold in the province, 38.7% more than in the comparable period of 2021.
Foreign
Once again, one of the reasons for this high number of transactions should be sought in the volatility of the international market, which dominated the world market in the third quarter. 53% of all transactions registered in the province with approximately 7,700 sales. Also, most of these processes – 5.441– operations performed by non-resident aliensthat is, the purchase of second homes, pure and simple.
A segment where Costa Blanca seems to have no rivals and focuses on more than one person. a third of all these sales across the country, quite far from Malaga, where 3,083 non-resident foreigners bought homes during the same period; or the Balearic Islands with 1,165.
This significant percentage of international customers is another reason why the business is growing despite the rise in interest rates, as the majority of these buyers does not need financing.
number cannot be underestimated. buyers from other provinces Spanish added 1,894 in the third trimester half reside in Madrid. Of course, in this case the volume has barely increased since last year; this segment experienced significant growth as they were the first foreign customers to arrive, while most of the restrictions on international mobility were maintained.
municipalities
Looking at the distribution by population, two quarters in a row Torrevieja dismiss Alicante As the largest real estate market in the province and also one of the most significant growth. The municipality of Salinero sold 2,030 homes this summer, 52% more than in 2021. Greater weight of domestic demand, which is most sensitive to interest rates.
on his behalf orihuela added 1,284 operations, 15.5% more than the same period last year. they follow him ElcheWith 850 transactions and only 5% more; Santa PolaWith 699 units and 61.4% growth; Y Benidorm52% more with the sale of 627 houses.
Regarding typology, even 88% All of the houses that changed hands in the last summer in the province second hand, 12,856 in total, 26.3% more; only 12% new construction, With 1,336 units it is actually a slight decrease of 5% It’s about summer 2021, but it’s more due to a lack of supply than a drop in demand. And as Provia noticed a few months ago, in many developments in the second quarter, even apartments whose location was always more expensive, worst distributed or worst oriented were sold out, so almost no products In the market.
What remains is how the year will end. Although professionals in the industry assure that there is still demand and interest in the purchase, they also admit that they are starting to buy. Interruption of operations due to rise in Euribor Mortgage prices skyrocketed. Therefore, many buyers are beginning to realize that their income is no longer sufficient for the house they want, forcing them to choose cheaper apartments or postpone their purchase.