Despite all the efforts of the administrations, Spain, country of owners and actually housing the main savings mechanism for most families and therefore, his greatest legacy. However, how much wealth has accumulated in Spanish brick? WhatHow much are all the houses worth in a state like Alicante??
This is the question formulated on the Idealista portal, which calculates the hypothetical price of the entire national real estate park in case of its release. And as expected, Alicante is a important position in that ranking
Specifically, according to the study, the value of the existing site in the province 225,073 million euroswell fourth highest number in the countryright behind MadridThe estate park will cost 802,480 million Euros; related to Barcelonaexceeding EUR 601,000 million; And MalagaWith 248,000 euros.
Thus, the wealth accumulated in the adobe in the countryside, Balearic Islandsthe theoretical value of the existing home set will be 208,000 million euros; for Valencia199,313 million or BiscayWith 133,000 million.
In total, real estate assets of all of Spain will reach 4.5 trillion euros. To give an idea of the importance of this amount, it is sufficient to point out that there is accumulated wealth in housing in the country. triples national GDP, ie 1.4 million
In the case of Alicante 225,073 million euros that the state has saved in bricks six times the volume of wealth produced in the region per year, estimated to be around 37,000 million before the pandemic. In this context, the significant weight that construction has always had in the region, and especially large volume of second homes existing in most of the coastal towns and one of the engines of the local economy.
Rent
On the other hand, Idealista also calculated how much income would be generated if all existing houses were rented. As a result, with the current price level, to rent the entire Spanish real estate park, it will be necessary to pay: 21,000 million euros per month.
In the special case of the state AlicanteThis theoretical monthly income will increase 1,040 million euros.
In the study, these data are also given according to the provincial capitals. In this way, the total real estate assets accumulated in the municipality of Alicante would amount to 32 billion 779 million euros, and if everything was rented at the same time, it would mean 156 million euros per month.