This international customers they never bought so many houses in the province of Alicante. The social changes brought about by the stopped demand and quarantine months during the pandemic caused a real crisis. rush of operation Last year it increased the numbers of a business in which the Costa Blanca traditionally occupies an important place.
In the first nine months of 2022, real estate purchases and sales of foreign nationals became active. 4.238 million the euro in the state as a whole, according to data provided by Valencia Notary College. already some comfortably exceeds those recorded during the entire previous yearwhen this business represents a contribution of 3,588 million to the economy of Alicante, but at the same time Up to 80% increase than recorded in the same period of 2019, before the coronavirus appeared.
“It’s been a year extraordinary“, confirms the deputy dean of the Community notaries Alicante. Delfin Martinez, emphasizing the important cheap injection that this business represents the Costa Blanca and advocates “taking care of it” so that it is sustainable over time. “Not just the amount they invested in the purchase, but all the expenses that this purchase entails later: reforms, furniture… This is a resource we have that is already there in times of crisis. proved to be very valuable.Martinez insists.
The spectacular increase in 2022 is the result of both auincrease in the number of operations, as one of the highest average prices paid. Thus, according to the figures compiled by the notaries who had to go through all these transactions, citizens of other countries bought between January and September. 23,920 houses 21,930, a figure that exceeds the operations carried out by the Spanish in the province.
This figure assumes 69% increase Compared to those recorded in the same period last year, many of the restrictions blocking international movement still apply, but are also 46% higher than in 2019 before the outbreak of the pandemic.
Masks
Likewise, the average amount of each transaction has increased significantly. If each house bought by foreigners in the province in the last year before Covid represented a payment of 144,157 euros, the average for the first nine months of 2022 is already 177,213 €, however, considering only the third quarter, the average price already reaches 182,645 euros.
This figure is even more striking when it is taken into account that the vast majority of the market (86.16%) has been captured. second hand real estate, at a more affordable price than new constructions. However, it should be noted that a significant part of the increase in transactions comes from detached houses. chalets or bungalowsalready almost a 35% of the international market on the Costa Blanca.
In total, in the first nine months of 2022The province of Alicante accounted for 20.11% of all home sales by foreigners in Spain.. “We continue to be an undeniable attraction for these customers,” says the general secretary of the Association of Provincial Organizers (Provia). Jesus RosEmphasizing the importance of the important international sales network that Alicante companies have developed in recent years, which provides them with a significant competitive advantage, in these results.
according to countries
Regarding evolution by nationality, British Despite Brexit and all the changes the country is going through, they remain the undisputed leaders among international home buyers in Alicante. added until september 3,599 purchases, 71% more than last year and 14% more than before the pandemic.
Second, they also repeat. BelgiansWith 2,204 operations, it is one of the most established markets for provincial real estate with an annual growth of 42% and 29% according to pre-covid figures.
However, the two nationalities that have experienced the most notable evolution in the past year, Dutch and germanshave become the third and fourth most important markets, respectively. The first added 2,099 transactions in nine months, 164% more than before the pandemic; the latter reached 2,078, again 128% more.
for their own part, Swedes a total of 1,683 sales (+24% based on 2019 figures) and French, 1,399 (+39%). Among the few countries that reflect a decline in their purchases, Russians, because with the sanctions imposed by the war in Ukraine, only those already residing in the EU can buy. However, they added 736 transactions, which is 24% less.
Likewise, the market Norwegian Although it is recovering compared to 2021, it remains 15% below the pre-Covid figures with 692 transactions.
Ukrainians triple their shopping on the Costa Blanca
The immigration of displaced Ukrainians caused by the Russian occupation triggered these citizens to buy houses in the province of Alicante. According to the data of the Valencian Notaries Union, 709 transactions were registered until September; that’s almost three times as much in the same period as 2021, where it was 261, and double that in 2019, which was 326. a total of 443 operations, four times more and to a lesser extent than in the whole of 2019, Estonians (79 operations) and Latvians, with 88 transactions.