ALICANTE ON TOP

The prov­ince is the firm favourite for non-Span­ish home buy­ers

Costa Blanca News (North Edition) - - FRONT PAGE - By Nuria Pérez nperez@cb­news.es

ALICANTE re­mains the first choice for for­eign prop­erty buy­ers in Spain.

Fig­ures re­leased on Wed­nes­day by the min­istry for pub­lic works show that they purchased 4,931 homes in the prov­ince dur­ing the sec­ond quar­ter of this year.

Alicante leads the na­tional rank­ing of prop­erty sales to non-Span­ish buy­ers by a huge mar­gin. The prov­ince is fol­lowed by Málaga (2,863 prop­er­ties), Barcelona (2,103), Madrid (1,729), Santa Cruz de Tener­ife (1,666) and the Balearics (1,493).

The min­istry pointed out that dur­ing the sec­ond trimester a to­tal of 24,009 prop­er­ties had been sold to ex­pats and non-res­i­dents in Spain, mak­ing up 17% of na­tional sales.

Ac­cord­ing to the min­istry, prop­erty sales to non-Span­ish buy­ers in­creased by 13% from April to June com­pared to the fig­ures for the same pe­riod last year.

The over­all fig­ures show that a to­tal of 141,582 prop­er­ties were sold in Spain from April to June to na­tional and in­ter­na­tional buy­ers.

How­ever, sales of new and off-plan homes re­main low, only mak­ing up 9.4% of all prop­erty sales (12,794 homes).

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