- Region
- Águilas
- Alhama de Murcia
- Jumilla
- Lorca
- Los Alcázares
- Mazarrón
- San Javier
-
ALL AREAS & TOWNS
- AREAS
- SOUTH WEST
- MAR MENOR
- MURCIA CITY & CENTRAL
- NORTH & NORTH WEST
- TOWNS
- Abanilla
- Abarán
- Aguilas
- Alamillo
- Alcantarilla
- Aledo
- Alhama de Murcia
- Archena
- Balsicas
- Blanca
- Bolnuevo
- Bullas
- Cañadas del Romero
- Cabo de Palos
- Calasparra
- Camping Bolnuevo
- Campo De Ricote
- Camposol
- Canada De La Lena
- Caravaca de la Cruz
- Cartagena
- Cehegin
- Ceuti
- Cieza
- Condado de Alhama
- Corvera
- Costa Cálida
- Cuevas De Almanzora
- Cuevas de Reyllo
- El Carmoli
- El Mojon
- El Molino (Puerto Lumbreras)
- El Pareton / Cantareros
- El Raso
- El Valle Golf Resort
- Fortuna
- Fuente Alamo
- Hacienda del Alamo Golf Resort
- Hacienda Riquelme Golf Resort
- Isla Plana
- Islas Menores & Mar de Cristal
- Jumilla
- La Azohia
- La Charca
- La Manga Club
- La Manga del Mar Menor
- La Pinilla
- La Puebla
- La Torre
- La Torre Golf Resort
- La Unión
- Las Palas
- Las Ramblas
- Las Ramblas Golf
- Las Torres de Cotillas
- Leiva
- Librilla
- Lo Pagan
- Lo Santiago
- Lorca
- Lorquí
- Los Alcázares
- Los Balcones
- Los Belones
- Los Canovas
- Los Nietos
- Los Perez (Tallante)
- Los Urrutias
- Los Ventorrillos
- Mar De Cristal
- Mar Menor
- Mar Menor Golf Resort
- Mazarrón
- Mazarrón Country Club
- Molina de Segura
- Moratalla
- Mula
- Murcia City
- Murcia Property
- Pareton
- Peraleja Golf Resort
- Perin
- Pilar de la Horadada
- Pinar de Campoverde
- Pinoso
- Playa Honda
- Playa Honda / Playa Paraíso
- Pliego
- Portmán
- Pozo Estrecho
- Puerto de Mazarrón
- Puerto Lumbreras
- Puntas De Calnegre
- Region of Murcia
- Ricote
- Roda Golf Resort
- Roldan
- Roldan and Lo Ferro
- San Javier
- San Pedro del Pinatar
- Santiago de la Ribera
- Sierra Espuña
- Sucina
- Tallante
- Terrazas de la Torre Golf Resort
- Torre Pacheco
- Totana
- What's On Weekly Bulletin
- Yecla
- EDITIONS: Spanish News Today Alicante Today Andalucia Today
Date Published: 13/10/2022
ARCHIVED - Purchasing power: how much do Brit and other overseas buyers pay for property in Alicante province?
International buyers spend on average 50% more for homes in Alicante province than Spanish purchasers
Following the lifting of the Covid pandemic restrictions, the interest of foreign buyers in buying property in Spain is returning with a vengeance, according to various real estate experts. And it would seem many overseas purchasers looking to secure a permanent or second home in the Mediterranean have set their sights on Alicante province.
Inland locations are proving just as popular as coastal towns, but just how much are international buyers paying for a place in the sun?
Overseas purchasers looking to invest in property on the Costa Blanca tend to have much more generous budgets than the local clientele, making them more profitable for the sector.
In fact, the average price paid by foreigners who bought a property in the province during the first half of the year reached 174,741, according to data from the Notary Association of Valencia. This is almost half, 47.7% to be exact, more than what Spaniards invested, both residents in the area and those arriving from other autonomous regions. Estonians paid an average of 234,187 euros but only account for 38 sales between January and June.
With an average budget of just over 200,000 euros, Belgians buyers paid an average of 232,853 euros; the Norwegians paid 212,683 euros; the French forked out 208,343 euros; and the Germans invested on average 202,156 euros per property.
With more modest figures, although equally higher than those invested by national buyers, are the province's two large traditional markets abroad: the British and the Swedes. The former pay on average 176,741 for each property they buy, according to the Notary Association. And interestingly, as the British are involved in the most transactions – 2,372 in the first half of the year – together they represent the largest volume of business for Alicante real estate agents: 415 million between January and June, 15% of the 2.8 billion that this activity moved.
Swedes spend 174,288 euros per home, but account for 50% less transactions than UK purchasers.
European buyers monopolise the most expensive market segments, according to the real estate experts, and account for up to 55% of buyers of new-build homes in Alicante province. Notary data shows that two out of every three villas sold in Alicante (66%) end up in the hands of a buyer from another country.
In contrast to the significant amounts spent by Europeans, the foreigners who spend the least when it comes to buying property in the province are purchasers from the Maghreb (Northwest Africa). Algerians invest an average of 99,051 euros for each flat or house they buy in the province, more than double that spent by Moroccans, who signed deeds for an average 41,262 euros per transaction.
Moroccans tend to be economic immigrants who come to the province to work, whilst many of the Algerian purchasers are looking for a second home outside their home country.
Image: Archive
Loading
Sign up for the Spanish News Today Editors Roundup Weekly Bulletin and get an email with all the week’s news straight to your inbox
Special offer: Subscribe now for 25% off (36.95 euros for 48 Bulletins)
OR
you can sign up to our FREE weekly roundup!
Read some of our recent bulletins:
25% Discount Special Offer subscription:
36.95€ for 48 Editor’s Weekly News Roundup bulletins!
Please CLICK THE BUTTON to subscribe.
(List price 3 months 12 Bulletins)
Read more stories from around Spain:
Find more information by AREA, TOWN or URBANISATION .....
Cabo de Palos
Cartagena
El Carmoli
Islas Menores and Mar de Cristal
La Manga Club
La Manga del Mar Menor
La Puebla
La Torre Golf Resort
La Union
Los Alcazares
Los Belones
Los Nietos
Los Urrutias
Mar Menor Golf Resort
Pilar de la Horadada
Playa Honda / Playa Paraiso
Portman
Roldan and Lo Ferro
San Javier
San Pedro del Pinatar
Santa Rosalia Lake and Life resort
Terrazas de la Torre Golf Resort
Torre Pacheco
Cartagena
El Carmoli
Islas Menores and Mar de Cristal
La Manga Club
La Manga del Mar Menor
La Puebla
La Torre Golf Resort
La Union
Los Alcazares
Los Belones
Los Nietos
Los Urrutias
Mar Menor Golf Resort
Pilar de la Horadada
Playa Honda / Playa Paraiso
Portman
Roldan and Lo Ferro
San Javier
San Pedro del Pinatar
Santa Rosalia Lake and Life resort
Terrazas de la Torre Golf Resort
Torre Pacheco
Aguilas
Aledo
Alhama de Murcia
Bolnuevo
Camposol
Condado de Alhama
Fuente Alamo
Hacienda del Alamo Golf Resort
Lorca
Mazarron
Puerto de Mazarron
Puerto Lumbreras
Sierra Espuna
Totana
Aledo
Alhama de Murcia
Bolnuevo
Camposol
Condado de Alhama
Fuente Alamo
Hacienda del Alamo Golf Resort
Lorca
Mazarron
Puerto de Mazarron
Puerto Lumbreras
Sierra Espuna
Totana
Abanilla
Abaran
Alcantarilla
Archena
Blanca
Corvera
El Valle Golf Resort
Hacienda Riquelme Golf Resort
Lorqui
Molina de Segura
Mosa Trajectum
Murcia City
Peraleja Golf Resort
Ricote
Sucina
Abaran
Alcantarilla
Archena
Blanca
Corvera
El Valle Golf Resort
Hacienda Riquelme Golf Resort
Lorqui
Molina de Segura
Mosa Trajectum
Murcia City
Peraleja Golf Resort
Ricote
Sucina
Urbanisations
CamposolCondado de Alhama
El Valle Golf Resort
Hacienda del Alamo Golf Resort
Hacienda Riquelme Golf Resort
Islas Menores and Mar de Cristal
La Manga Club
La Torre Golf Resort
Mar Menor Golf Resort
Mazarron Country Club
Mosa Trajectum
Peraleja Golf Resort
Santa Rosalia Lake and Life resort
Terrazas de la Torre Golf Resort
La Zenia
Lomas de Cabo Roig
Important Topics:
CAMPOSOL TODAY Whats OnCartagena SpainCoronavirusCorvera Airport MurciaMurcia Gota Fria 2019Murcia property news generic threadWeekly Bulletin
CAMPOSOL TODAY Whats OnCartagena SpainCoronavirusCorvera Airport MurciaMurcia Gota Fria 2019Murcia property news generic threadWeekly Bulletin
Contact Murcia Today: Editorial 966 260 896 /
Office 968 018 268