The Alicante housing sector is recovering, as evidenced by various indicators measuring the development of the real estate market. The secondary housing market is particularly booming.
In terms of sales in the secondary market, Alicante is Spain’s leading real estate market with 19.1 transactions per thousand inhabitants. Alicante and two other provinces of the Valencian community, namely Castellon and Valencia of the same name, show sales figures above the national average in this category and the total number of transactions. By the way, Alicante ranks second in the number of purchase and sale transactions, behind only Malaga.
According to the representative of Vilanova Inmobiliaria Fernando Vilanova, this leadership is based on various factors. This is because "in the regions, there is a large supply of secondary housing at a much more affordable cost than new, and many people prefer to buy these houses for repairs." Nevertheless, "there are a lot of houses pledged by banks that have been foreclosed on, and such cases continue to be identified right now, as foreclosure cases initiated 5 or 6 years ago are being resolved to this day."
The average cost per house increased by 4.48% in the Valencian municipality during 2021, while in Spain, it increased by 3.87%, according to a report by Registrars. As for the municipalities with the highest cost, these are Habia, Benidorm, Altea, and El Campello in Alicante. Castellon includes such the cities as Benicassim, Peniscola, Oropesa del Oceano, and Alcala de Sivert, and in Valencia, the cities with the highest price per square meter are Paterna, Cullera, and Puzol.