Alicante property sales on the rise
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.