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26TH FEBRUARY-4TH MARCH 2019
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Your Essential Weekly Read
ALICANTE AND TORREVIEJA LEAD THE BUILDING BOOM It might not be on the same level as the pre-2008 construction industry growth, but for the last six years there has been a recovery in the number of houses built and the demand for them. In the Alicante Province it is the city of Alicante itself and Torrevieja that are at the top of the charts when it comes to new homes. Altogether in 2018 7,532 new homes were built in the province which was 17% more than in the
previous year. Of these seven and a half thousand, 1,105 were built in the capital of the province, Alicante city. In second place comes Torrevieja with 873 new homes constructed. This just beats its close rival of Orihuela which came in with 779. Torrevieja’s total is almost 40% above the number of properties built in the town during 2017. A positive increase for those in the construction industry. These figures are similar to those of
2008. Not as great as those of the bubble years but still an improvement on the years that immediately followed the crisis. The figures come from the Colegio Oficial de Aparejadores and Arquitectos Técnicos in Alicante. So who is buying? Most interest continues to come from tourists and most of these are foreigners. The coast is
still a favourite place to buy and although we are seeing some increases in prices, overall they still compare favourably with other countries. The available building land in Torrevieja may be almost exhausted but for now, at least, it is still attracting the second home market. Suzanne O’Connell
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