Alicante province, also known as Costa Blanca, has had a remarkable start in 2023. According to a report by Sonneil Research, this year's first quarter witnessed the highest number of property transactions by foreign buyers ever documented.
The province recorded 23,380 international property deals in Q1 2023, marking an 8% rise from the same period in 2022. These compelling figures underscore Alicante's growing appeal as a prime location for year-round foreign investment, with 14.52% of all property purchases in early 2023 made by international clients.
The region continues to attract traditional foreign buyers from countries like the UK, France, Russia, Germany, the Netherlands, Nordic countries, and Belgium, who accounted for 38.41% of all foreign property purchases in Q1 2023.
Alicante contributes significantly to Spain's foreign property market, accounting for 24.3% of all foreign property purchases, the highest ever recorded. This demonstrates the vital role international buyers play in the region's real estate market.
Alicante's allure for foreign investors can be attributed to several factors, such as affordable property prices, excellent infrastructure, a pleasant climate, and convenient flight connections. Moreover, the province is less sensitive to interest rate fluctuations, as most foreign buyers purchase properties without a mortgage.
In conclusion, Alicante continues to attract record numbers of foreign property buyers, thanks to its affordable properties, robust infrastructure, favorable weather, and easy accessibility. This trend makes it a more promising investment destination compared to other Spanish regions like Costa del Sol or Costa Brava.