HE housing prices start the year full throttle in Alicante. Far from being tempered by a rise in interest rates, the strength of interest rates foreign demand caused the square meter to become more expensive at your fastest paceat least since the housing bubble burst 15 years ago.
This is reflected in data from the two main real estate portals in the country, idealist And photo houseoverlapping when positioning the province the latter, where the brick becomes more expensive On an annual basis this month of January and with pretty similar numbers.
In particular, Idealista guarantees that the square meter increased by 1.1% last month, which means that the annual increase is at least 14%, It’s more than double that headline inflation soared. According to this portal, it is the second largest increase in the entire national region, behind only Malagahousing prices increased by 14.1 percent
Fotocasa, on the other hand, increases this figure even more and ensures that real estate prices increase until 2009. 15.9% Compared to figures from a year ago. In this case, the only province to surpass Alicante, Balearic IslandsWhere it is currently 16.5% more expensive to buy a house than at the beginning of 2022, according to data from this website.
In the analyzes made on the basis of municipalities, the increases recorded by municipalities, Many small populations of Vega Baja however, it has a considerable attraction for foreigners and where most of its inhabitants come from other countries. This situation AlgorfaAccording to Idealista, prices increased by 41%; Formentera del Segurawith 38.8%; painswith 38.7%; anyone Benijofarmore than 31% according to the same sources.
However, the increases are also significant in the big markets of the province. in the city Alicante square meters increased by 14%; inside Torrevieja, 16.1%; And orihuela reached an annual growth of 18.5%.
Inside Villa Joiosa houses are 21.1% more expensive than January 2022; inside calf, 20%; And denial16.6% In this case Elche Evolution is slightly more moderate and still the gap from 12 months ago is 8.1% higher than general inflation.
Rather, prices note declines in populations such as: monovar (-1.6%); in hand (-1.6%); Crevillent (-3.6%); Aspe (-4%); Cocentaina (-5.5%) or alcohol wall (-6%), according to Idealista data, in all these cases.
For those responsible for the portals, the reason for this unprecedented increase should undoubtedly be sought in the increase in foreign demand, which is “profiles with a past”. high purchasing power And? they usually do not need funding and therefore they are unaware of the increases in Euribor and changes in the ECB”, according to the director of Fotocasa Studies, Maria MatosThis reminds us that Alicante is in the “top 3” among the majority of nationalities looking for housing in Spain.
An analysis with which the Idealista spokesperson agrees, Francisco Inareta: “Throughout 2023, we will be able to see that the increase in Euribor will succeed in cooling housing prices in the province, but it is predictable that demand will continue to be of interest to Alicante, which does not need financing to buy a house. And keep pushing prices“.