Ali­cante prop­erty sales on the rise

Costa Blanca News (South Edition) - - News -

News Staff Re­porter PROP­ERTY sales dur­ing the first seven months of the year have risen to 20,000 homes sold.

Ac­cord­ing to the Na­tional Statis­tics In­sti­tute, be­tween Jan­uary and July this year a to­tal of 20,346 prop­er­ties were sold.

This is a 14.96% rise from last year and the big­gest in­crease since 2008.

The ma­jor­ity of buy­ers are for­eign, fol­lowed by Spa­niards re­sid­ing in other prov­inces, seek­ing a rea­son­ably priced hol­i­day home.

If fig­ures con­tinue to rise un­til the end of the year, Ali­cante prop­erty sales will have risen for six years in a row.

Al­though sales are ris­ing, it is nowhere near the amount of prop­er­ties that were sold dur­ing the prop­erty boom.

Dur­ing July, 2,820 sales con­tracts were signed and this moved Ali­cante up to third place for monthly prop­erty sales in all of Spain above Málaga (2,572) and the Ca­nary Is­lands (2,025).

Only Madrid (6,126) and Barcelona (4,731) saw more prop­erty sales.

The ma­jor­ity of prop­er­ties sold were not newly built; in fact, 85% were pre­vi­ously owned homes - al­though af­ter the lull in build­ing fol­low­ing the prop­erty slump, the num­ber of newly built homes be­ing handed over to their own­ers, who bought them off plan, is slowly on the rise.

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