Laatste nieuws

28 Oct 2024

A flourishing property market

The province of Alicante has positioned itself as one of the most dynamic areas in the property market in Spain. In 2024, Alicante will rank third in terms of transaction volume at national level, right after Madrid and Barcelona. In the first quarter of this year, no fewer than 14,309 homes were bought and sold, an increase of 2.8% compared to the same period last year. These figures show that Alicante is becoming increasingly attractive to both national and international buyers.

What makes Alicante so popular? The province has an irresistible mix of cultural and gastronomic treasures, excellent connections, a safe living environment and, of course, a fantastic Mediterranean climate. These characteristics make it a top destination for tourists, which in turn stimulates demand for property. According to data from the National Institute of Statistics, the Valencian Community attracts more than 25 million tourists a year, a significant number of whom stay for longer. Many visit their second homes, or stay with family and friends in the region.

These tourists not only bring vibrancy to Alicante, but also contribute to its economy. They generate around 12,771 million euros in tourist expenditure annually, which not only stimulates the local economy, but also has a positive impact on social and environmental developments in the region. The Alicante property market is expected to continue to grow in the coming years, especially within the residential tourism segment. This means that Alicante will further consolidate itself as one of the top destinations worldwide for residential tourists.

The profile of the property buyer in Alicante

Who are the people investing in Alicante? The profile of the buyer in this region has shown interesting shifts in recent years. In addition to Spanish buyers, there has been a noticeable increase in Eastern European customers, especially from Poland and Ukraine. Furthermore, Dutch and Germans are also very well represented in the buyer group. The average age of these buyers is around 50 years, and 13% of them buy the property as their first or future main residence.

Buyers prefer the North of the Costa Blanca, although the Southern part of the province is becoming increasingly popular. The average purchase budget is around €467,000, with 2-bedroom apartments being particularly popular. Furthermore, research shows that 44% of buyers spend more than four months a year in their home. This reduces the seasonal nature of tourism and promotes a more stable economy in the region.

Conclusion

Alicante offers a unique opportunity for investors in residential tourism. The combination of economic stability, tourist appeal and the constant demand for housing makes Alicante one of the most promising property markets in Spain.

Whether you are looking for a holiday home, a second home or a permanent residence, the property market in Alicante offers a diverse range of options for every buyer. Consider investing in this sunny province and discover why so many people feel at home here!