Alicante Realtors Association expects a softening in the behavior of the real estate market in the province in 2023, although it will continue to be a very dynamic market due to the large demand for housing in coastal areas. APIs predict that the price restraint and the slight decline in sales in the last months of 2022 will continue into the next year. without reaching serious corrections.
Marifé Esteso, President of the Alicante Association of Realtors, explains that 2021 was an extraordinary year in the number of operations, while 2022 returns to a more measured path that will continue into 2023.Alicante is a less volatile market due to the great attraction of the coast and the significant foreign demand for housing., which is still very strong. Also, the significant rise in interest rates, which affects other markets, has less impact here because half of sales in Alicante are cash and the development of Euribor does not affect them,” he emphasizes.
In this sense, he emphasizes that the possible effects of Brexit or the war in Ukraine on sales do not have a significant impact. Regions such as Altea, Calpe or Benidorm conduct many operations with citizens of the Netherlands, Norway, Sweden, Denmark or Germany.. “Digital and climate nomads, young and middle-aged professionals working remotely joined the great appeal of Alicante for its beaches and excellent quality of life, and they wanted to move to a place with a better climate. very large energy costs for heating in their country of origin,” he says.
Regarding the new housing market, Alicante’s APIs expect 2023 to perform well. distribution of promotions started in previous years and significant demand that will keep prices high.
Regarding rent, the Alicante Realtors Association is clear that prices will become even more stressful due to the scarce offer, so the administrations are returning to demand it. tax incentives and measures to ensure legal certainty for landlords to decide to rent their home.
Regarding the realtors group, Marifé Esteso hopes: maintain high enrollment rate in school and the relevant Alicante Association of Realtors (APIAL), after the entry into force of the Valencia Community Register of Realtors. “We are ready to help professionals working in the industry obtain legal liability and surety insurance at an advantageous cost, complete the registration process or access the necessary training to enter the registry,” he points out.