Housing in Alicante: Preferred Destination for International Buyers
HOME’S NEVER BEEN SO CLOSE
Following the Footsteps of International Buyers
The real estate market in Alicante has witnessed a growing presence of foreign buyers, with an impressive 43.76% of transactions in the third quarter of 2023. This phenomenon, which significantly surpasses the national average, reflects the unique appeal that housing in Alicante holds for international investors.
Who are these foreign buyers, and what motivates them to choose Alicante as their investment destination? Belgians and Dutch lead the way, representing 20% of real estate transactions in the city of Alicante. They are closely followed by Swiss, Germans, Scandinavians, and Ukrainians. In popular destinations like Benidorm, Brits, Germans, and Poles also have a notable presence.
The Renaissance of New Construction: A Perspective from Architecture
The construction sector in Alicante has experienced significant resurgence, with levels of activity in new construction not seen since the real estate bubble. Behind this renaissance are factors such as foreign demand and a revitalization of housing supply.
An important factor to consider is the changing profile of housing buyers in Alicante. Real estate agency Engel & Völkers notes that while in 2022, 58% of their clients were domestic, in 2023, this percentage dropped to 46%, with the remaining 54% being international buyers.
Luxury Locations
Alicante offers a wide range of housing options, from luxurious residences in Cabo Huertas to more affordable options in San Juan Pueblo and Santa Pola. We analyze prices in different areas and their implications for domestic and international buyers.
What does the future hold for the real estate market in Alicante? With continuous growth and increasing international interest, the province presents itself as a promising destination for those looking to invest in real estate in the Spanish Mediterranean.
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Disclaimer: The information provided in this blog is for informational purposes only and does not constitute legal advice. We are not responsible for any loss or damage that may arise from the use of this information. It is recommended to seek professional advice for specific needs.
