New Build Property for Sale in Costa Blanca South
More than 3,000 houses sold in Alicante in March 2017, the best figure since 2008
The improvement of the economy and the increase in rental prices favour the recovery of the real estate market in the region.
The recovery of the Alicante real estate market accelerated significantly during the first months of the year to the point that in March alone more than 3,000 homes were sold in the province (3,034), a figure that was not reached since April 2008, according to the data Published by the National Institute of Statistics of Spain, which are based on the operations registered in the property records.
The combined figure for the entire first quarter of 2017 is equally remarkable, as 8,556 homes were sold in the province, 20% more than in the first quarter of 2016.
Increase the purchase to rent.
The increase in the prices of rents during the last year has led to an increase in the number of investors buying houses for rent, given the high profitability of this type of investment.
More sales of New build.
As for the typology of homes sold in the first quarter, the second hand continues to hog more than 80% of all sales, with 7,160 properties out of a total of 8,556. However, the main novelty is the change of trend that is beginning to appreciate in the new work, as the promotions that have been launched in the last couple of years are delivered, when the sustained increase in demand on the coast Allowed entrepreneurs to start new projects.
As a result, in the first quarter of 2017, 1,396 newly completed homes were written, which represents a 7.3% increase over the previous year.
ES Properties for sale in Spain helps you purchase New Build Property for Sale in Costa Blanca South.
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