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ARCHIVED - More evidence of a return to pre-pandemic levels in the Alicante property market
April sales in the Costa Blanca up by 35 per cent over the same lockdown-affected month last year
As the pandemic situation continues to ease evidence continues to accumulate to suggest that the Alicante property market is gradually returning to pre-coronavirus levels, and in some ways has done so already!
The latest provisional figures published by the national government on Friday (June 11), relating to the month of April, report that 2,424 homes in the province changed hands during the month. This not only represents a rise of 35.4 per cent over the same month last year, when the first lockdown affected activity severely, but also a return to almost 90 per cent of the figure for April 2019.
But a better view of the long-term picture is given by the rolling 12-monthly sales total, which now stands at 28,093, and now that the first pandemic months of March and April 2020 have been washed out of the total this equates to just under 80 per cent of the figure 12 months ago – it appears logical to assume that within a couple of months it will be close to pre-pandemic levels.
Given the situation a year ago, it is no surprise to learn that that during April all 17 regions of Spain reported year-on-year increases in sales, with the national average rise being 65.9 per cent. The sharpest increases are reported in Extremadura (178 per cent), Castilla-La Mancha (165 per cent) and Navarra (121 per cent), while as was the case last month the Balearics fared less well, footing the list after recording a rise of “only” 23.9 per cent in comparison with April 2020.