The popularity of the real estate sector in the province has started since the third wave of the epidemic at the beginning of the year, and sales have recovered. Without official data, many promoters claim to have returned to the pre-pandemic level, as Alicante Plaza said.
The statistics of real estate transactions from the Ministry of Housing (which takes data from property registries) shows that in the first six months of the year practically the same homes were sold as in 2019 and more were billed for them.
According to data published by the Ministry this Thursday, the sale of homes in Alicante moved 2,837 million euros between January and June (protected homes are excluded from the statistics). Compared to the same period in 2020 (including the months of “strict” confinement at the beginning of the health crisis), this number represents a significant increase in business and better pre-pandemic data. In other words, the value of homes sold in the province in the first half is 5.5% more than in 2019, when it was 2,698 million euros.
The increase respect to the pre-COVID data is explained, to a greater extent, by the increase in the value of the house, verified by the appraiser Tinsa in its report also published this Thursday, and which puts the average revaluation of the house at more than 6% in the province in the last year. But also because the level of operations has recovered. According to the Ministry, in the first semester 20,416 homes were purchased in the province, 55% more than in the same period of 2020 (13,213), and just 6% less than in the first semester of 2019. However, in April As of June, more homes were sold in 2021 than two years before: 11,962 transactions this year compared to 11,496 two years ago.
The real estate sector in Alicante grows less than the rest of the Valencian Community (especially the province of Valencia) and than the Spanish average. Throughout the Community, 46,827 homes were sold in 2021, while two years before they were 43,435 (7.8% more). In Spain there were 319,058 purchases, for 287,974 two years earlier (10.8% more). Despite growing less, Alicante maintains a leading position in the Valencian market, with 43.6% of all transactions.
Fewer houses are being built
This year stands out the stoppage suffered by the start of new promotions compared to 2020, when economic uncertainty was greater. However, second-hand homes are protagonists in sales this year with 85%. According to the new construction visa statistics also published by the Ministry this Thursday, from January to June 2021 a total of 2,326 new homes have been started in the province, almost 20% less than in 2020, in the middle of the pandemic (2,898 homes ).
However, reform visas increased: 711 from January to June of this year, compared to 597 in the same period of 2020, 19% more.