Used house prices in the province of Alicante started the year in the midst of an acceleration period. And this The shortage of supply, coupled with the rise in interest rates, caused an annual increase of 15.4%., placing this region in fourth place nationally where it becomes more expensive at 1,817 euros per square metre. It’s also the biggest increase since the real estate crisis erupted.
This is revealed by Fotocasa, one of the main real estate portals in the country, which in its latest report referred to the situation with second-hand house prices last February. For this reason, In Spain as a whole, the annual increase was 9.9% at an average of 2,086 euros per square metre, while the increase was five and a half points higher in the province of Alicante..
Actually, There are only three regions where the increase is more significant.. Regarding the Balearic Islands with a growth of 20.2%, leaving the price at 3,466 Euros; Santa Cruz de Tenerife with 19.1% and 2.150 Euros; and Navarra, with 17.5% and 1,914 euros. The smallest increases correspond to Albacete with 1.6% and 1,355 Euros; Ciudad Real with 1.5% and 974 euro; and Asturias with 1.2% and 1,602 euros. The province of Alicante likewise ranks twelfth among the most expensive regions with the aforementioned 3,466 euros, after the Balearic Islands and Madrid, Guipúzkoa, Barcelona, u200bu200bBizkaia, Málaga, Álava, Girona, Santa Cruz de Tenerife. , Navarra and Las Palmas.
The increase in prices in Alicante was also higher than the Valencia Community average., which combines an 11.1% increase that leaves the average price at 2,008 euros. In the province of Castellón, with a total price of 1,203 euros, the increase was 7.1%; In Valencia, it was 6.9% with 1,532 Euros.
As for municipalities; The largest increases, both in the province and with the Community of Valencia, correspond to Pilar de la Horadada, up 59.4%; El Verger with 47%; and Rojales with 41.7%; and Finestrat, with 41.7%. Pedreguer behind with 39%; and Calp with 36.4%. As for the most expensive prices, Calp tops the regional ranking at 3,293 euros per square metre, followed by l’Alfàs del Pi at 3,021 euros.
Among the capitals of the Community, the highest increase was in Alicante with 18.3%. which leaves the price at 2,012 euros per square metre. In Castellón, the gain was 7.9%, remaining at 1,320 euros, and in Valencia it was up 0.9% to 2,354 euros.
“The increase recorded at the national level, biggest acceleration in the last 17 years. This rise brings us to levels similar to 2006, during the pre-housing bubble warming period. This acceleration is due to the change in monetary policy of the ECB’s increase in interest rates.This caused the purchasing demand to resurface and put pressure on prices due to the lack of supply. At Fotocasa, we think that these increases are temporary, considering the rate of increase in mortgage prices caused by Euribor, it is only a matter of time before the price starts to show signs of moderation and returns to a stable path,” explains María Matos, Director of Studies at the real estate portal.