CONSTRUCTION of latest properties in Alicante province have soared to their highest stage because the property bubble burst in 2008.
Figures from Alicante’s Official School of Technical Structure (COATA) have revealed 2,727 new builds within the first quarter of this 12 months.
That’s a 53% improve on the identical interval final 12 months.
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1 / 4-to-quarter comparability confirmed a 49% rise on the final three months of 2024.
COATA president, Carlos Casas, informed the Informacion newspaper: “The beginning of the 12 months exhibits a exceptional depth of exercise, with figures that we’ve not seen since earlier than the 2008 disaster.”
“It is a response to an financial setting that, regardless of the uncertainties, continues to be conducive to housing improvement and displays a big enhance to the sector,” he added.
“Though such marked will increase should not anticipated over the approaching quarters, statistics point out that the market is reacting to demand stress by rising the extent of exercise,” he continued.
Casas did subject a warning says that ‘we should be prudent and never take as a right that this fee of progress might be maintained’.
Inland areas plus Elche and Las Marinas have reached building ranges not seen for 17 years.
Essentially the most new builds proceed to be recorded within the Vega Baja.
Damaged down into municipalities, San Miguel de Salinas had the very best variety of properties began this 12 months at 275, adopted carefully by Mutxamel on 260.
Alicante follows with 258 houses, Villajoyosa on 257, Orihuela with 204, and Denia recording 200.
The typical constructing value per m2 stood at €559 through the first quarter of 2025, up by 2.9% on the 2024 annual determine.
