The Valencian Community closed the last quarter as the leader in real estate activity by population in Spain. From October to December, it registered 3.28 home sales and purchases per thousand inhabitants, a share significantly higher than the national average, which stands at 2.42. Behind other communities such as La Rioja (2.8) and Cantabria (2.8). In this section, Alicante once again topped the provincial ranking with 4.09 operations per thousand inhabitants, while Castellón was fifth with a share of 3.48.

In Spain as a whole, 113,799 home sales and purchases were registered, 11.4% more than in the previous quarter and 3.1% less than in the same quarter of 2019. This reflects a good housing performance despite the current context, with 14 communities and 44 provinces with quarterly growth. Although in 2020 as a whole, there is a generalised fall of 16.7%, which in the case of Valencia rises to 20.8%. The data were released today in Madrid by the Colegio de Registradores de la Propiedad (Public Law Corporation of Land and Mercantile Registrars of Spain).

The Valencian Community was the region with the third-highest proportion of foreigners in home purchases (21.7%), only surpassed by the Balearic Islands and the Canary Islands. The percentage is double the national average (10.7%), undoubtedly favoured by the leadership of Alicante, which once again topped the Spanish provincial ranking in this section, with 35.1% of sales transactions carried out by foreign citizens, ahead of other provinces such as the Balearic Islands, Malaga and Santa Cruz de Tenerife.

In Spain, where 11,800 transactions of this type were recorded (400 more than in the third quarter), the nationalities with the highest demand were British, followed by French, German, Moroccan and Belgian.
22.5% of the property sales recorded in Spain during the fourth quarter were for family homes, with a larger average surface area and open spaces (terraces and/or gardens). This is an increase of 2.1 points compared to the previous quarter and represents a new high in the historical series. In the case of the Valencian Community, the percentage of this type of housing is even higher (23.7% of the total).

Like this article? Share with your friends!