this house sale follow shot Although the growth rate started to increase in the province, slow as a result inflation and growing uncertainty At least this is reflected in the latest statistics released by the INE this Monday, which shows the absolute dominance of the US. second hand It has more than 86% market share.
In this way, during the month of April, the total 3,098 houses, what does it represent This month’s highest figure since 2008in accordance with those of the public body and 26% more compared to the same period last year. Although this is more than a significant increase, slow Regarding what happened in the previous months, The first quarter closed with an average increase of more than 55% in transactionsAccording to the same sources, the increase reached 69% in March.
“The perception we have is that a certain break begins, a moderation strong growth in previous months due to the very noticeable inflation in the pockets of families, and because the economic situation is not so clear anymore. There is a lot of uncertainty,” says the president of the Alicante College of Realtors (API), Marife Esteso.
In this way, Esteso essentially domestic buyers and locals starting to show things more withdrawnwhile selling foreign follow push forwardAs noted.
On the same line, from the portal idealist guess this trend is true “stability” This will continue over the next few months without ignoring small drops in sales volume due to increased cost of financingeconomic uncertainty, high inflation and housing stock next market decreasing”.
In this context, it should be noted that, despite the improvement in recent years, the construction continues. new construction housing stayed in very low levels As for what happened before the real estate bubble burst which caused most of the demand to be diverted to used housing, where it is increasingly difficult to find properties with the requirements buyers are now looking for.
Of the -actually title deed-houses sold in this way last April, only 428 newly built, only 13% of the total; monopolized 2,670 second-hand transactions, while the remaining 87%.
But in addition to this, the increase in transactions between the old ones was only 8.9% compared to the 29.2% growth in used home sales.
As a result, despite this slowdown, the reality is that the real estate market continues to operate. maximum levels of the last 14 years. In particular, to find a higher sales figure than this year in the province, it will be necessary to go back to April 2008, when 3,350 houses were sold.
As for the accumulated figure in the first four months of 2022, according to INE statistics, 15,261 transactions in Alicante compared to 10,344 last year, 47.5% increase. Of these, 1,990 corresponded to newly built houses (+13%), while 13,271 were second-hand (+54.6%).
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In addition to the restricted demand, savings during the pandemic or the desire to take advantage of the situation before prices rise even more are one of the factors that cause these high sales figures. investors that they decided bet on brick As a shelter against inflation. That’s why, as explained by College of API, there has been an increase in the number of people buying that house with the intention of later removing it from the rental market in recent months. The demand for apartments in Alicante continues to exceed the supply. If you put a flat on the market in good conditions, it won’t take a day”, says Marifé Esteso, head of this organisation.
This dynamism is also an important price increase According to the latest statistics of the Ministry of Transport and Urban Agenda, housing 8.7% last year. It is one of the conditions that will be behind the slowdown in the growth of sales.