Alicante property sales up by 19.4 per cent in November
The recovery continues as sales rise in all 17 regions of Spain
The increase in activity in the Spanish property market showed no sign of slowing down in November of last year, according to data published by the government’s central statistics unit on Thursday, with the number of sales registered rising by 17.3% in comparison to the same month in 2015 to reach a total of 33,806.
At the same time, it is encouraging to note that the breakdown by regions shows that year-on-year increases were recorded in all 17 of Spain’s Autonomous Communities, and in the Comunidad Valenciana the figure of 5,216 registered sales was 19.4% up on November 2015. In the province of Alicante, an increase of 16.5% pushed the figure up to 2,566.
However, the most significant rises were those of 32.8% in the Balearics, 26.3% in the Canary Islands, 25.8% in Aragón and 25% in Asturias.
That these data are the continuation of a general upward trend is confirmed by the fact that in Spain as a whole after eleven months of 2016 the cumulative total of residential property transactions registered had reached 372,000, representing an increase of 14.16% over the equivalent period the year before. In the province of Alicante, meanwhile, the total at the end of November stood at 27,444, 9% higher than in 2015.
It is worth noting that the busiest regional markets in November in terms of sales per 100,000 inhabitants were once again those of the Balearics (138 transactions) and the Comunidad Valenciana (133), both of them doubtless boosted by the interest in property from non-Spanish buyers. In Alicante, where the Costa Blanca attracts most of the international interest, the level of activity was even higher, at approximately 175 sales registered per 100,000 inhabitants.