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News: UPSURGE IN DEMAND FOR SALES OF PROPERTIES IN ALICANTE PROVINCE

29 Nov 2017 Back
UPSURGE IN DEMAND FOR SALES OF PROPERTIES IN ALICANTE PROVINCE

Current news has reached us of increased sales figures for residential properties in Alicante province and the Murcia region. The real estate market for these areas has produced the best sales figures in almost a decade - according to the National Institute of Statistics (INE) here in Spain.

The actual figures for Alicante Province show that between January and September this year (2017), over 26,000 properties were sold. This represents almost 15% more sales than in the same period of 2016, with the September figures alone showing a rise of over 6% more when compared to those of a year earlier!

This is now the fifth consecutive year that real estate sales figures have climbed in Alicante Province since reaching an absolute low during the back end of the recession in 2012. The figures have therefore now reached the comparatively higher level they occupied in 2008 - although that was still below the absolute 'boom' time returns which saw 40,000 properties sold every year in this area.

Interestingly, second-hand apartments are accounting for some 83% of the sales in Alicante Province, with the majority of the rest being 'new builds'. The INE says that so far this year (in the same nine months), the Murcia Region has seen a corresponding rise of 11%, accounting for just over 10,000 sales recorded. The September figures alone for the Murcia region are showing an even more dramatic 27% rise over those of September last year.



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