Alex Trelinski
JUST over half of all property sales last year in Alicante province were to foreign buyers.
Figures from the Valencia Notary Association revealed that non-Spaniards accounted for 30,290 sales- 50.6% of sales, an increase of 0.7%.
Foreigners bought two out of three new-builds in the area last year and the province accounted for just over 20% of all property transactions made in Spain.
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British purchasers led the list on 3,545 deals but that was 10% down on the previous year.
Other traditional markets also fell with Germany down by 13.2% and France by 11.3%.
The overall figure though was boosted by a big rise in home buyers from Eastern Europe.
Polish purchasers are now the fourth-largest international clients in the Alicante real estate sector, buying 2,850 properties in 2024- 32% more than the previous year.
Sales to buyers from Poland are five times higher than before the Covid-19 pandemic.
Lithuanians purchased 611 homes, a 32.2% increase and there were also big percentage rises among other countries that have borders with Russia.
Another strong market is from the Netherlands with a 20% rise but neighbouring Belgium dropped by 3%.
The average outlay by foreign buyers was just over €198,000 per home, according to the notary figures.
That’s 12% up on 2023 and around €67,000 more than what Spanish buyers paid in the same period,
The bottom line is that home sales to foreigners last year generated more than €6 billion in Alicante province for the first time, surpassing the previous record in 2022.
As a comparison, exports from the area’s industries and agriculture totalled nearly €7 billion last year.
