Real estate market news on the Costa Blanca, Spain

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Slight fall in house prices on the Costa Blanca in the first quarter of 2021

01/04/2021

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The IMIE Local Markets Index of the appraisal company Tinsa shows in its edition for the first quarter of 2021 a 0.2% drop in the sale prices of homes in the province of Alicante, compared to a 0.5% rise in the whole of Spain.

In Spain as a whole, prices have recovered by 16% compared to the lows set at the beginning of 2015. On the other hand, they fell by 32% compared to the highs reached in 2007.

House sale prices appear to have been unaffected by the effects of the COVID-19 health crisis. The statistical report confirms that, in the first quarter of 2021, the decline in prices experienced in the last months of 2020 has slowed down and that prices are moving towards a stabilisation scenario throughout this year. 

A stabilisation that could be affected by marked rises or falls in prices depending on the evolution of healthcare, economic containment measures and the reactivation of both national and international mobility.


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