Bargain managed to lower the price of apartments in Elche by up to 12%, while in Alicante nothing

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Who hasn’t tried? When faced with the biggest expense most citizens have incurred in their lifetime, for example Buy a house, buyers are usually try to lower the price a little owner marked departure. But it’s part of the game doesn’t always work. It all depends on the offer available at the time, how much the space is in demand or, for example, the ever-present revaluation expectations.

In this way, no matter who tries to get a discount in Istanbul, with a rising market and gradually decreasing stocks. Alicante Will have very complicatedmore availability and higher starting price premiums that owners put in elche in particular, it will make it possible to achieve a cut of more than 10%. on average 12%According to the research done by the appraiser Euroval and her Institute of Real Estate Analysis (Insta.)

the company he manages Nacho Amirola passed more data 70,000 transactions across Spain to compare half price where properties are presented as the main internet portals with amounts written at the end in each municipality. As a result, bargaining between buyers and sellers manages to reduce the cost of homes by about 9% on average, but the picture varies a lot from one market to the next.

For example, the biggest difference in the whole country, Victorywhere to get average 23% discountAnd this has to do with the very high prices usually found in this Basque capital.

Sellers in the city of Alicante are not willing to accept discounts on apartments. HECTOR SOURCES

Likewise, in the important differencesAs Euroval real estate analyst points out, depending on the dynamism and location of each market, Alexander Belchi.

In this way, there was almost no difference between the average prices offered and the average prices paid in two of the five towns in the region included in the analysis. about Alicante and Denia. two populations living real buyer boom Thanks to the combination of domestic and foreign demand and the rise of telework – and since the end of quarantine, when current supply is not as plentiful as elsewhere.

On the contrary, in elche In this case, since there is not much foreign demand, the differences reach 12% and although the sales volume has increased, seller expectations they don’t exactly match what buyers are willing to pay.

On the other hand, in the case Torreviejathe average discount is 6% and orihuela On average, a small discount of 4% is achieved. In these cases, although there is a significant volume of buyers of all types, the current supply is greater than in other coastal destinations such as Dénia as many more have been built in recent years.

In this context, Belchí also points out that in many cases sellers do not have the right idea of ​​what the market is willing to accept. “What people do look at the prices around and they go up a bitthinking that their house is better and they are not always right,” explains the expert.

In the rest of the Valencian Community, the biggest discounts are in Sagunto, with an 11% difference between offered and paid. The average reduction is 7% in torrenting and 4% in Valencia.

Buyer boom drives ratings up in the state

The momentum of the Alicante real estate market in recent months is pushing sales figures to levels unknown before the real estate bubble burst in 2008, pushing valuations up. Thus, according to the Negotiators Union, 12,046 houses were sold in the province in the first quarter, the highest figure since the summer of 2007. In terms of prices, the square meter closed with an average of 1,411 in March. The euro is also up 8.7% year-on-year, the highest figure in more than 15 years.

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