Construction cogs turn once again as Costa Blanca property market shows signs of recovery
by Georgina
According to official statistics from the College of Technical Architects and Surveyors of Alicante, activity in the construction sector, which suffered a significant slump after reaching record highs during the boom years, has begun to show signs of recovery, returning to levels witnessed at the beginning of the crash in 2008.
- 362% increase in Alicante housing construction in 2013 (College of Technical Architects and Surveyors of Alicante)
- 11,501 home sales in Q3 2013 (Department of Infrastructure Development for Statistics)
- 32.4% of homes in Spain acquired by foreign residents (Q3 2013)
Indeed Alicante alone ended the year 2013 with 2,037 new dwellings, a staggering 362% increase in housing construction in the area compared to 2012.
Marc Pritchard, Sales and Marketing Manager for leading Spanish home builder Taylor Wimpey España, operational in Alicante, comments,
“It comes as no surprise that official data such as that from the College of Technical Architects and Surveyors of Alicante confirms that construction in the Costa Blanca region is showing pre-recession levels again. We have experienced this resurgence on the ground ourselves with four new developments on the Costa Blanca and more on the horizon as sales continue to rise.
“There is clearly a high demand for second properties in the area as more and more visitor’s descend. Nearly 6 million foreigners visited the region last year attracted by the stunning beaches, delicious cuisine, warm Mediterranean climate and ease of access with ever increasing flight routes from budget airlines across Europe and the world.
Further cementing this trend, a report from the Department of Infrastructure Development for Statistics reveals that the Iberian nation, despite recent economic challenges, remains a firm favourite for foreigners to establish permanent residence or find their perfect holiday home. Of the 11,501 home sales in Q3 2013, 32.4% were acquired by foreign residents in Spain.
Furthermore, the report reveals that foreigners staying in a property or homes of family visit the Costa Blanca area an average of 15.2 nights per year, with 83% of arrivals travelling by air, which supports the strong increase in passenger numbers passing through the international airport of El Altet last year.
In terms of nationalities visiting the region, Norwegians arrivals increased by 31% throughout 2013, Swedish 28%, Danish 56% and Finnish 46%. Also flocking to Spanish shores are Russian tourists, which increased by 54% last year in comparison with 2012 figures.
So why not see what all the fuss is about for yourself and take a look at what Taylor Wimpey España has to offer in this ever popular region of Spain?
Sitting on the border of the Mediterranean, Calpe, famous for the Peñón de Ifach rock and renowned for being a popular beach town in Costa Blanca, is a haven for potential property buyers.
The
Calpesol residential complex is a brand new development consisting of spacious homes with landscaped gardens and a communal swimming pool. The properties have 3 bedrooms, 2 bathrooms and cost from €168,000 + VAT. The properties include terraces, private gardens and outdoor parking all finished to a high standard.
For more information about buying a Spanish property in 2014, contact Taylor Wimpey España today on 08000 121 020 or visit www.taylorwimpeyspain.com for more information. If you reside outside of the UK you will need to call +34 971 70 69 72.
