+++ PROPERTY MARKET DATA ALICANTE REGION +++
AUGUST 2016: We use various property market indicators as a guide to the current status of Spanish Real Estate. Here are some interesting stat’s based on real Notary data since 2007.
The property price index for the Alicante region is up by 5.1 over last year with a 25% increase in sales. [ Hondón Villas have many reduced priced properties here » ]
The average price of a 3 bed property in this wider Alicante region is €136K with Murcia being cheaper at €109K.
Foreign buyers of Spanish property are still on the increase (albeit a lot slower than the boom years).
Mortgage lending on house sales is up by 19% in the area but rentals are down by nearly 7%. The population is roughly the same so no mass migration from Spain as yet.
And sadly unemployment is still a problem for Spain and the Alicante region but down by nearly 3% (although we are in the main tourist season).
Overall Spain has seen prices increases across all its regions from just 1.6% up to about 9% in the Madrid area. Overall Valencia has seen a 5.1% increase in house prices, where as Murcia 2.9%.
You can see that houses prices in 2016 are about 69% average of what they were in 2007. [Source: Kyero Data, Notaries]