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ARCHIVED - Alicante property sales hit 13-month high
The Costa Blanca market is returning to pre-pandemic levels of activity
Evidence continues to gather of the return of the Alicante property market to pre-pandemic levels of activity, and the latest figures published by the national government on Friday report the highest sales total in the Region since February of last year and the onset of the coronavirus crisis.
The 2,629 transactions during March 2021 represented a year-on-year increase of just 3 per cent, despite the comparison being with the month in which the first coronavirus lockdown came into force. Factoring in the months affected by that lockdown, the running 12-month total equates to 75 per cent of the figure a year ago, and the signs are that it could soon be back to the levels reached before the first case of Covid-19 was confirmed in Murcia 15 months ago: activity will doubtless be boosted when international travel becomes possible again!
In Spain as a whole the data show a 32.4 per cent increase over the level of sales last March, with the total of 47,332 transactions being the highest monthly figure since July 2019. Significant rises were recorded in all 17 regions other than the Canaries (+2.7 per cent) and the Balearics, where the figures actually dropped by 3 per cent: no doubt this is due to the continuing difficulties in travelling to the islands, where many purchasers acquire holiday homes rather than first residences.