The avalanche of buyers from the East in the Alicante real estate market due to the war

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explosion war in ukraine Not only did it displace thousands of families who fled the bombardment of Putin’s army in this country. Conflict is also contagion effect in many citizens surrounding countries of this former Soviet republic that decided Search for a home on the Costa Blanca Have a shelter where you can go and spend your vacation away from the consequences of the war.

At least this is because of this increase in the arrival of buyers from the Eastern countries of the Valencian Notary College. one of the engines activating exceptional year who lived real estate market in the province. Maximum in total 31,691 foreign nationals took ownership of a house in the state, so 47.4 increase% compared to the previous year’s figures and a new absolute record.

The fact is that although the increase in sales was widespread – with very significant numbers of about 59% (2,703) of German-led operations, or 56.3% (2,753) of the Dutch, Eastern citizens grow the most. “situation instability incentive arrival of buyers from all this region because we also continue to be in price and there is a lot of liquidity, a lot of transactions, which means that if they want to sell it after a while, they will have more facilities,” says the deputy dean of notaries. Community, Alicante Jonah Martinez.

Aerial view of tourist houses in Orihuela Costa. Tony Seville

Ten countries in this area where disaggregated data are provided by joint collection of notary statistics 6,213 transactions, more than double 2021 and also in 2019, before the pandemic arrives. In this way, Eastern Europeans almost 20% of the entire international market A figure that the Alicante real estate sector has never reached before.

poles

Logically, one of the nationalities that increased the number of operations the most was the Turks. UkrainiansWhen buying 376 houses in Alicante in 2021 1,036 in 2022, almost three times. However, poles Those with the highest trading volume: Bought 2,217 homes, which makes them the fifth most important international market for Alicante real estate; ahead of established others such as Sweden, for example, which totaled 2,068 operations.

In fact, the Poles became the largest number of foreign buyers are in Benidorm and the second in Torrevieja or Santa Pola. The reality in this case is that they already represent an important customer for the industry. bells As Provia’s general secretary recalls, Alicante supporters have thrived in this market in recent years, Jesus Ros. But with the war, their numbers actually tripled.

Apartment blocks in the city of Benidorm. david revenge

But the list goes on. For example, purchased homes romans also doubled to 818 and Lithuanians, tripled from 180 to 557. This Latvians They bought 130 homes on the Costa Blanca; the Estonians, another 110; the Belarusians94 and slovaks86. There were even 52 buyers. Moldova.

In the same way, it is noteworthy that the purchases of the citizens are increasing. Russians, despite the restrictions imposed by the EU on money transfers from these countries’ banks and the tighter controls imposed. For example, reminding that these restrictions do not affect the money these citizens currently hold in banks within the EU, Martínez says, “They made things more complicated, but they looked for a way to do it.”

According to the information given by the notaries, the Russians came to buy 1,113 properties in the province last year, 28.9% more. It should be noted that there are many citizens who do not agree with Putin’s decision to invade Ukraine and want to move away from their country in order to avoid the consequences of the conflict. Something that results in the arrival of entire families, as confirmed by the enrollment of new students in schools in the area.

Foreign buyers’ transactions moved 5,566 million

According to the data of the Notary’s Association, 31,691 housing sales realized by foreigners in Alicante province last year moved to a volume of 5,566 million euros. On average, citizens of other countries paid 175,636 euros for each house they bought; this is 51.4% more than national buyers pay on average. In absolute numbers, the British continued to lead the state real estate sector as the main international customers, with a total of 4,678 operations, 36.6% more than in 2021. In second place were the Belgians, who bought 2,958 houses on the Costa. Blanca, 25.7% more. They are followed by the Dutch with 2,753 properties, 56.3% more; and Germans with 2,703 transactions, 58.9% more. According to the same sources, the Poles moved up to fifth place (2,217) ahead of the Swedes (2,068) and the French (1,799).

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