This structure your new homes rebounds strongly in the province of Alicante, sales record achieved last year, most of the developers in the area are exhausted. Thus, after a slowdown due to fears of the consequences of the war in Ukraine and a rise in interest rates last year, Alicante businessmen apparently left the doubts behind and until the start of the first quarter of the year 2017 new housingAccording to data released this Friday by Official College of Quantitative Surveyors, Technical Architects and Civil Engineers of Alicante.
The figure represents a 22% increase over the last quarter of 2022 and 52% more than at the beginning of last year. “These data suggest that confidence is recovering because it is likely the most unfavorable forecasts were not fulfilled made a year ago”, assures the head of the expert, Carlos Casasbelieving that war and inflation will slow down the construction recovery cycle, but have not exhausted it.
So, about Best start to the year since the outbreak of the pandemicAccording to Casas, this figure is still below the figure recorded in the first quarter of 2019 when 2,318 new homes were operational, suggesting that there will still be room for improvement, according to Casas.
municipalities
According to municipalities, data orihuelaMore than double the same months last year when 525 new homes started in the first quarter. The numbers are striking BenidormStarting with 288 residences; of these denialwith 173; San Juanwith 170; And Torreviejawith 118 according to the same sources.
«The flood of buyers after the start of the war had left most of the supporters unproductiveit has led to the launch of many new projects”, states the general secretary of Provia, Jesus Rosthis allows the figures to be much higher without the increase in costs and uncertainty affecting the sector.
In this context, the pollsters themselves are a part of the new promotions. 12% increase in execution costs, based on the average price calculated last year. Thus, it is currently estimated at about 592 euros per square meter.
Jesualdo Ros underlines the fact that most of the new developments are taking place. tourism municipalitieswhere foreign customer attracting demand. Some buyers usually does not need fundingThus, they are less affected by the increase in interest rates.
It should be noted that, according to the data of the Valencian Community Notaries Association, about 60,000 house sales were recorded in the state of Alicante last year, and foreigners played a leading role until this date. 52% of transactionsMore than 47% increase over 2021 figures. The superiority of foreigners is even greater in newly built houses, because 4,952 newly built properties Up to 55% of those notarized in Alicante had a buyer from another country.
Despite these good sales figures, it ended with a minimal increase in the number of new homes that started last year due to businessmen’s fear that uncertainty will curb demand and inflation has created problems to control prices. In total, the construction of 5,768 houses has started, only 2.7% more.
However, once prices seem to be stabilizing and above all, given the lack of products to sell, the backers decided to put the machine back into operation. Something also reflected in the latest Active Population Survey, which confirms population growth. 9,400 new jobs in the sector in just three months.
However, it should be noted that this increase in construction does not reach the entire geography of the province equally. For example, striking decrease in registered activity in the Alicante metropolitan area, has become one of the most active in recent years. In the state capital example, only 85 homes were launched in the first quarter, down 74% from the previous year, with eight homes only 27% less in El Campello and another in San Vicente. eight, 79% less. San Juan is the exception, thanks to the new development area of Nou Nazaret. In Elche, 39 houses were built, which is 8.3% more.