Alicante, Malaga and Valencia added 281 operations per day, highest level since 2009, you have it all over the world
If there is a symptom that evidences the progressive recovery of the confidence from the middle class is buying and selling homes. In the heat of economic recovery, the improvement of the credit and the lack of interesting by low interest rates investment alternatives, the number of transactions continues increasing at a rate of the 19% across the country with special force in big cities such as Madrid or Barcelona and coastal areas.
It is the picture of the economic recovery in the summer of 2017: tourists looking at the shop windows of the ever greater number of real estate who have re-emerged in the municipalities close to the coast in search of a second residence or summer house. This situation has become particularly relevant in the provinces of Alicante, Malaga and Valencia, the three regions where more homes are sold the day if the two great capitals of the country are excluded.
In the case of Alicante is sold only in the month of June, a total of 3.052 houses, According to figures published yesterday by the National Institute of statistics (INE). In this province are some of the cities receiving more visitors each summer, including Benidorm, Guardamar, Denia, Torrevieja or Calpe. The pace of sales is of 101 houses every day, unknown year 2008.
Alicante, as it happens with Valencia - the third coastal province sold houses ranking- adds two circumstances which explain in part the large number of registered operations: its proximity to the major urban centres such as Madrid and its periphery, y an average price per square meter of 1.092 euros, lower according to the appraiser Tinsa in other regions with beach in the country. However, These prices now accumulate two years of rises from the minimum levels in 2015 by the recovery in demand, Although still recorded deeply discounted compared to levels recorded before the crisis.
Most of the transactions relate to second hand housing, Although the statistics of work visas and cranes that begin to rise in these towns also show reactivation of the market of new construction in these regions. According to the INE, one of every five homes sold in June is a new building.
Located behind Alicante Málaga, with a rate of 94 homes sold per day during the month of June. Here the price of square meter rises to 1.399 euros, well above the cost of purchase in the Levante coast. Other provinces where the sale of residences has accelerated this year include Murcia and Cádiz, where sold are every day 39 y 34 houses. The first of these provinces shows a price of 893 euros per square meter, one of the cheapest of the Spanish coast.
Another characteristic feature of homes purchased on the coast is its smaller size. According to the latest Yearbook prepared by the Association of registrars, and referred to the year 2016, the number of homes of between 40 y 60 square meters has elevated its peso against other sizes precisely in Valencia and Andalusia.
Another factor that encourages transactions is the growing presence of foreign buyers, that last year recorded an all-time high to represent already a 13,25% of the total amount operations. En 2009 the same figure was reduced to the 4%, three times less. The five countries more buyers are United Kingdom, France, Germany, Sweden and Belgium. The Balearic and Canary archipelagoes, In addition to the Valencia Community, they are the three regions most chosen for these tourists to buy their homes.
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