More than 50% of real estate in the Spanish Alicante is bought by foreigners. Such data provides Antonio Fernandez, Chairman of the Patronage Council PROVIA, ee24.com reports citing noticia.ru.
Alicante is a leader among the other Spanish provinces in terms of residential property sales to foreigners. But abroad many still do not know where this province is. Therefore PROVIA signed an agreement on joint promotion of tourism in the region with the Provincial Council of Alicante.
Despite the fact that more and more tourists come in Alicante every year, developers this year are going to build 1,400 new residential properties, an decrease of 100 objects compared to last year. This is all the more strange that a new law on "golden visa" will inevitably draw in Spain a lot of investors looking to get a residence permit in exchange for real estate.
It is interesting that the southern part of Alicante leads in the number of sold objects, while the north of the province is leading in the total number of spent money on the purchase of housing. The fact that there are not only larger objects, but higher costs per square meter.