Out of all the Spanish provinces Alicante is the one that saw the most purchases by foreigners in the first quarter of 2013 with 2,485 house sales far ahead of its nearest competitor, Malaga (992).
This statistic has been provided by Isabel Bonig the Counselor for Infrastructure, Planning & Environment for the Valencian region. Ms Bonig was giving a presentation to show what the region’s government is doing to help increase sales of homes to foreigners.
A total of 8,940 homes were sold in the Valencian region in the quarter, 2,861 to foreigners. Of these the Castellon province accounted for just 127, Valencia for 249 and Alicante 2,485, the vast majority.
For Spain as a whole sales of property to foreigners registered a total turnover of 1.6 billion euros in 2012 which represents 40% of the Spanish real estate sector’s total turnover for last year.
Isabel Bonig, the Counselor for Infrastructure, Planning & Environment for the Valencian region
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.