Housing is becoming more and more expensive. Prices rose by 7.7% in the first quarter of 2017 year-on-year, according to the real estate statistics of the Association of Property Registrars. In relation to the last tranche of 2016 - in quarter-on-quarter rate -, the increase stood at 4.1%. With these new appreciations, the adjustment accumulated since the highs of 2007 continues to fall and stands at 22.8%.
On the other hand, between January and March, 113,738 housing sales were registered, assuming the highest quarterly result since the first tranche of 2011. Compared to the previous quarter, the increase was 21.8%. In interannual data, the positive trend continues: in relation to the same quarter of 2016 there has been an increase of 14.4%.
New housing on this occasion, contrary to the trend of recent years, has accompanied general growth, accounting for 18% of the total registered, with a significant quarter-on-quarter growth of 27.5%, when 20,490 sales were registered, while resale properties increased 20.6% over the previous quarter, reaching 93,248 operations.
The weight of home purchase by foreign demand remained fairly stable in the first quarter in relative terms, presenting a rate of 13.1% of total registered sales. This has resulted in figures around 15,000 quarterly sales. Cumulative year-on-year terms reached 13.3% of purchases by foreigners, at record highs, resulting in more than 55,000 annual home purchases made by outsiders.
By nationality, the British continue to lead the ranking with 14.5% of purchases made, although their continued decline in recent quarters (in the previous quarter represented 16.4% of foreign operations) leads them to their lowest share Historical over total foreign sales. The French ascend to the second position with 9.6%, followed by Germans with 7.7%, with 6.9% Swedish and Italian with 6.1%. These top six nationalities account for more than half of total home purchases by foreigners.
The Golf Sun Spanish Properties´ Estate Agents are specialized in the market of Alicante and the Costa Blanca and will guide and provide you the best advice to give to best properties for sale in Alicante Costa Blanca or the Costa Calida Murcia and hit fully with the decision.
Besides having all kinds of new build properties throughout the Costa Blanca and Costa Calida, we offer our customers what they need to make the experience of finding and buying a newly built home in Orihuela Costa as pleasant possible. We are proud to offer all our customers, whether their nationality, the more useful and personalized advice to determining in each case their most appropriate property.