Neither the increase in credit costs nor the decrease in purchasing power caused by inflation succeeded in stopping market prices. housing prices On the contrary, in the province of Alicante, which accelerated throughout April, according to data published by the main newspaper this Thursday. real estate portals. Some figures reflect trust held by most homeowners Although banks guarantee that the demand for financing is already noticeable, they will easily be able to sell their properties, despite persistent signs of an as yet unseen slowdown in the market.
The truth right now is the brick does not show any signs of pain. According to the monthly index prepared by; idealistbecame more expensive by 1.4% last month and with that annual increase has already reached 11.3%. Three-tenths more than in March, and the second highest in the historical series presented by the portal, dating back to 2007. In this way, square meters already cost an average of 1,935 euros in the province as a whole. Closer to the record of 2.184 Euros every day reached in February 2006 according to this platform.
The figures offered photo house although they only refer to second-hand homes, they show even greater momentum. In this case, the portal gives the average price per square meter in the province as 1,847 euros, which represents an increase of 1.6% compared to the previous month and an increase of 1.6% compared to the previous month. 15.6% per annum, also four-tenths of what was reflected in the previous month’s statistics. Alicante would be like this The fourth city with the highest increase in prices behind the Balearic Islands, where the increase was only 25.6% last year; Tenerife up 21.5%; and Navarre with 15.9%.
Sales
Although these numbers are prudent in any case, the reality is that little is known about sales, as they actually reflect the prices that sellers set when they put their homes on the market, and owners tend to overvalue their properties. developments continue to be positive.
Thus, according to INE Property Transfer Statistics, 8,859 houses sold in Alicante in January and Februaryso one 14.17% increase In the same period last year, sales had already increased by 48%. These are also figures that are more similar to those recorded before the real estate bubble burst than those that occurred in 2019 before the pandemic.
According to an Idealista spokesperson, Francisco InaretaSome of this behavior is the result of most homebuyers in the province. not needing financingtherefore, they are not affected by interest rate hikes. This situation is numerous foreign those looking for a second home.
In addition, another large part of the demand spare houses. That is, it is for buyers who already have another home and will therefore need to charge a relatively low amount from the bank to finance their new purchase.
But in addition to this, Iñareta points out that banks’ outstanding balances are starting to fall, so competition between institutions “continues to be tough, sometimes offering financing at lower than expected interest rates and depending on the type of client.” .
municipalities
On the basis of municipalities, the highest increases were recorded in municipalities compared to the previous year. Benijofarwith 24.5%; followed by Sant Joan d’Alacantwith 21.9%; Catralwith 19.3%; kill, with 18.7%; And alteawith 18.5%.
Increase in big cities AlicanteHaving an annual increase of 17.8%; during Elche It offers a more moderate improvement with a repricing of 9.5%; And Benidorm 8.4% are registered.
Despite the general increases, there are also some municipalities where the square meter has decreased. biggest drop Priests’ Hondon, 20% compared to Idealista benferri, with 10.8%. A decrease of 4 percent was recorded among the municipalities with the largest population. villenaaccording to this portal.