Construction work in the province of Alicante continues to go through an enjoyable period. Data for the third quarter prove this. A 48% improvement compared to the same period in the previous year, with 1,895 new homes coming into service, with the Vega Baja region leading the activity. With these new figures obtained from the visa statistics of the Official Technical College of Architecture of Alicante, the increase in real estate activities in the province has skyrocketed by 68% since the beginning of the year, reaching 6,913 homes. And all this in a scenario that contrasts with the slowdown recorded in the rest of Spain.
The latest figures known from visa statistics managed by the Official Technical College of Architecture of Alicante mean that the number of housing starts in the state in the last twelve months has reached a new maximum of 8,564, 7% above the maximum. The activity has reached so far since 2007.
“Activity not only left the effects of the 2020 pandemic behind, but also reversed the downward trend it maintained at the end of 2019.Carlos Casas, president of the Official Technical College of Architecture of Alicante, comments: “These figures stand out quite well in the grand scheme of things.” “In the context of the economic slowdown in Spain.”
For this reason, he gives a warning message by saying, “We do not know if there will be a slowdown in the province in the future, but it is worth noting that keeping the activity close to current levels will be a very positive scenario for our country.” sector.”
La Vega Baja continues to rise
La Vega Baja continues to differentiate itself from other regions with great activity in recent quarters, especially thanks to high demand from foreign buyers. In fact, the dynamism of the sector in the province originates almost entirely from this region.
The 943 homes started in Vega Baja during this period represent a 96% growth over the third quarter of 2022, with 50% of those started statewide in the quarter. With this volume, the region has managed to surpass the highest figures of 2019 in the number of housing starts in the last 12 months (3,818 compared to 3,890 in the current period), chaining nine quarters of almost uninterrupted growth since the second quarter of 2021.
In the third quarter, construction of 446 houses started in Las Marinas; This is 6% more than the 419 homes started in the third quarter of 2022. and 29% below 633 in the second quarter. Although growth in this quarter was significantly lower than in the previous quarter, the region continues its positive trend for the fifth consecutive quarter.
“Marinas have already been at maximum activity levels since 2008, so any growth would place activity at a level not seen in the last 15 years. This chain of incremental quarters causes data on housing starting from January to September to significantly exceed that of the previous five years; So far the best year since 2018 was 2018 with 1,179, which means 2023 is 52% higher,” emphasized Carlos Casas.
Elche, the fastest growing region
The Elche region recorded the highest growth of all areas in the state, with 184 homes started to be built this quarter, up 116% compared to the third quarter of 2022. Ignoring internal data, the 19% decline compared to the second quarter is the smallest of all areas.
“A positive fact that has at least temporarily reversed the negative activity trend in the region since the first quarter of 2020.. With 569 homes started to be built in the last 12 months, compared to 470 homes at the end of the previous quarter, we see a significant increase of 21%, which has not occurred for nine quarters. “We will have to see how the year ends for this field,” comments the president of the Technical Architecture College of Alicante.
In the Alicante region, the construction of 217 houses started in the third quarter; This figure increased by 6% compared to the same quarter in 2022.. As in all areas, this figure is 67% lower than in the second quarter. Looking at the cumulative figure of the year, 1,162 houses started to be built from January to September exceeded the number of 840 houses in 2022 by 38%.
Construction of 105 houses started in the inner parts of the province in the third quarter. Among the low activity in the region, this is the only region that improved the figure compared to the last quarter, when construction of 74 houses started. It also increased by 10% to 95 in the third quarter of 2022. However, the development of activity in the region remains flat, as the number of homes starting by September is 233, and the figures for 2021 and 2022 are the same. period 233 and 234 respectively.
city ranking
This three month period The municipalities leading the activity are again ordinary municipalities; Orihuela and Torrevieja, both of which started construction of 306 houses. They are followed by Pilar de la Horadada with 164 points, Elche with 156 points, Jávea with 127 points and already below 100: l’Alfàs del Pi with 84 points and Alicante with 73 points.
In the activity data until September, Orihuela stands out with 999 houses, followed by Torrevieja with 831 houses and Alicante with 579 houses; They are the only three municipalities in this province where construction of more than 500 houses has started so far this year.
When we look at the average housing construction cost per square meter, the average until September is 567 euros per square meter.9% increase compared to 2022 average cost.