Increase in property sales to foreignersIn the province of Alicante we have witnessed a vast increase in interest amongst foreigners buying a second home over the past 5 years. According to Colegio Notarial de Valencia there has been a steady incline in the sales to foreigners from 2013 to 2017. In 2013 foreigners bought 14.752 properties on Costa Blanca where in 2017 this number had risen to 21.556 properties.
This measurable increase in sales can be contributed to many factors. The main reasons can be found in the stabilisation of the Spanish property market and the relatively low prices of property on the Costa Blanca compared to other coastal regions in Spain.
Posted on October 3rd, 2018