Let's talk about homes sold
Are the effects of the real estate bubble still holding back property sales in Alicante? According to the data, it seems that the sale of flats in the province is growing.
In this post we are going to put numbers to what we all know so well: the sale of flats since 2007 has been disastrous, as we are being told on every street corner, sales of flats are growing!!!!
Well, if we look at the numbers, at national level the data provided by the INE (National Statistical Institute) in terms of the number of home sales and purchases since 2007 is shown in the following graph:
Brutal, isn't it? 2007, with 775,300 units sold, was the beginning of the great fall that precipitated a 59.68% drop to 312,593 units per year in 2013. Not without first encountering the mirage of 2010 that hinted at a recovery that was not such. Too indigestible for so few years (what are they going to tell us...).
And it is from that date onwards, in 2013, that the graph reverses, to everyone's delight. 2014 yielded almost the same numbers as 2012 and the trend changed. We ended 2015 with an increase of 11,07% over the previous year and 13,28% over 2013, which represents a recovery of the 5,36% lost since 2007 and two continuous years of increases.
I don't know if we are satisfied with little, but after so much year-on-year disenchantment, a figure like this is encouraging, isn't it? Indeed it does, the trend in home sales is upward and promisingNot so much because of the data (for which we will have to await 2016 with expectation) but because of the new scenario that we are presented with (financing returns, low interest rates, a recovering economy...). It seems that the nightmare is fading.
The 10-year cycles seem to be repeating themselves and everything points to the fact that we are entering a new cycle. This is intimately linked to prices, but I leave that to conversations at the barwhich are more fun.
And what about Alicante? Well, this:
From 2007, with 52,320 housing units sold, the drop was 58,41% until 2011 with 21,757 units, when we hit rock bottom, just one year earlier than the national average, probably due to the push of the international market so present in our area.
Alicante woke up a year earlier from its lethargy than the rest of the country and since then the rise in property sales has been gentle but continuous.The number of dwellings in 2015 was 26,847, an increase of 23,40% since 2012; in other words, of the 58,41% lost since 2007, we have recovered 9,73%.
In short, without entering into the influence of local conditioning factors, assuming the stability of the aforementioned markets and looking towards provinces that are benchmarks in terms of economic development, everything indicates that 2016 will also be a year of growth in the number of home sales and purchases at a national level.
Fingers crossed.
