The Costa Blanca real estate market is busier than at any point since 2008
The number of residential property sales recorded by Spain’s property registrars during January rose by 14.1% in comparison to the same month last year to reach 2,698, the highest monthly total since June 2008.
This encouraging result is mirrored in practically all of the 17 regions of Spain, where the sharpest rises are reported in the Autonomous Communities of Cantabria (45.1%), the Balearic Islands (40.5%), La Rioja (10.1%) and Catalunya (30.6%). The only minimal year-on-year decrease observed was in the Canary Islands (-0.5%), and the national sales total increased by 18.1% to 38,457, the highest volume of activity for four years.
The Balearics also boasted the busiest regional housing market, with an average of 150 sales per 100,000 inhabitants, followed by the Comunidad Valenciana (134) and La Rioja (129). However, the level of activity in the Costa Blanca, boosted by a large number of transactions involving non-Spanish vendors and purchasers, was close to 184 sales per 100,000 inhabitants.
In Alicante the busy month of January is a prolongation of the recent upward trend in property sales, as is illustrated by the fact that the rolling 12-month cumulative total now stands 11.1% higher than a year ago at almost 30,000.