​Real Estate market in Spain 2019

Real estate prospectsin in Spain in 2019

In 2019, everything indicates that the sector will show the maturity of the new cycle. Prices of properties progressively will rise as also will do the quantity of sold properties.

The protagonist in this new cycle is the client and will continue to be the axis together with innovation and sustainability on which the promoters work to meet the needs of these future homeowners, offering more modern, ecological, intelligent and fully customized to the customer requirements.

With regard to figures, according to the latest data from the Real Estate Registry Statistics in 2018, 508,400 housing sales transactions were registered in Spain, of which 87.2% are for second-hand properties. Continuous growth is expected and the closing numbers of property purchase and sale operations in 2019 will go over the 600,000 real estate transactions this year.

How many new construction homes are estimated to be built in Alicante in 2019?

And if we look at the purchase and sale of new homes, the figures are also positive, it should be noted that the supply of homes for the sale of new construction in Alicante amounts to 5,000 properties available to national and foreign buyers.

2019 means definitive stabilization after years of uncertainty, the economy seems to settle, some industry experts warn of a threat that we must not ignore: the shortage of land. That is why the market trend seems to be leading to an increase in investment and a greater control over the rental of short holiday season.

This increase in real estate investment is already consolidated in the Valencian Community, Barcelona, Costa del Sol, the Balearic Islands and Madrid. Communities where the price of the m² of the plot rises progressively.

Sale of new and second-hand properties in Costa Blanca.

If we focus on the total sales of new and second hand properties in Costa Blanca these data are even more favorable. We highlight the operations carried out in the province of Alicante with respect to the national total: 16.9%. Which was a 1% less compared to 2017, this diminish is a positive, meaning the real estate market in Spain is stabilizing and distancing the market from a possible crash.

And regarding the situation of rental housing in Spain; short and long term. 2019 presents greater control by the Spanish authorities, who begin to impose sanctions to those not paying the correspondent taxes and administrative levels. In order to avoid a bankruptcy of this market.

The available homes for sale on the Mediterranean coast, such as Guardamar del Segura, continue to be the most attractive destinations for foreign investors, especially residents of Belgium, Holland, France and Germany.

We can conclude that the sale expectations of properties in Spain for 2019 will be really good. Having in first positions apartments and villas by the beach with sea views. Remaining as a safe investment, especially for the great rental possibilities.

If you want more information and would like to contact a real estate expert, don't hesitate in getting in touch with us. We are Naranja Spain, a real estate agency specialised in the sale of resale and new construction homes in Guardamar del Segura. If you are looking to invest your money in Costa Blanca, we can make your dream come true.