https://www.informacion.es/alicante/2022/03/20/precio-vivienda-provincia-vuelve-crisis-63742187.html
The price of housing in the province is very buoyant and is the highest since before the 2008 crisis
A 100-meter building already reaches an average cost of 171,300 euros, as in the months before the bubble burst. The sector attributes the rise to teleworking and foreign tourism, which returns after the pandemic
- In the first place, to teleworking , since people who lived in the interior of the Peninsula have decided to move to Alicante and other places on the coast to work, as well as foreigners who have chosen the Costa Blanca.
- Secondly, to the accumulated demand of the resident in the province to change housing. "Many people have decided to change to a house with a terrace, garden or land" as a result of confinement. In addition, Zaragoza points out that "this type of client was waiting for the return to normality " to make the purchase effective, and "for many that moment is now."
- Finally, the accumulated demand of the foreign tourist . Zaragoza points out that, "although we have largely lost the British", it is "increasing that of other nationalities".
"Clients who wanted to change to a home with land waited for the return to normality to buy, and for many that moment is now and will be until the end of the year."
In the regional capitals of the province, the price increase is seen differently.
- In Alicante the price of housing has fallen by 1.3% compared to last year and 20% compared to 2007. However, some neighborhoods in which single-family homes proliferate, such as Playa de San Juan, do register a rise price compared to the previous year.
- In Elche , the cost of a residential property has increased by 3.5% compared to 2021, although it still does not reach the price prior to the crisis , except in the district of La Marina.
- Orihuela is one of the municipalities in which the price increase is more pronounced . The average home in Orihuela is 7.2% more expensive than in 2021. In Orihuela, the price has only risen since the real estate crisis, and a home is 30% more expensive than at the beginning of 2008.
- In the Marina Baixa, the cost of a property is also on the rise . In La Vila Joiosa the price has increased by 12.4% compared to 2021, although it is still below the 2007 price; and in Benidorm it increased by 1.7% compared to last year, without reaching the pre-crisis price yet.
- The capital of the Marina Alta is one of those that has returned to the price of 2007 . A home in Dénia costs 2,075 euros per square meter, the maximum since October of that year, and 6.5% compared to 2021.
- Elda , for its part, has registered an increase of 8.9% compared to 2021 in the price of its homes. However, the comparison with 2007 cannot be made because the portal does not offer such extensive data for the capital of Medio Vinalopó.
- The same happens in Alcoy , where the comparison only covers up to 2009. In the municipality of Alcoy, the price of housing has increased by 11% compared to last year .
- Finally, in Cocentaina it is not possible to establish a comparison with the situation prior to the crisis, although compared to last year, the houses are 8.9% more expensive .
