Costa Blanca South • Issue No. 2055 • 21 - 27 Nov 2024
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Alicante property prices POP!
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Some properties are on the market for less than a week.
ACCORDING to a recent study by Idealista, 13 per cent of properties sold through the real estate platform during the third quarter (Q3) of 2024 were on the market for less than a week. These ‘express sales’ have remained steady over the past year, as the same percentage was recorded in the third quarter of 2023. Of the properties sold, 16 per cent took between one week and one month to sell, 24 per cent between one and three months, and 33 per cent between three months and a year. Thirteen per cent had been listed for over a year. In Spain’s larger cities, express sales are more common, with Valencia
and Alicante both seeing a notable presence of properties sold in less than a week. In fact, Valencia has seen a slight increase in express sales, rising from 17 per cent in 2023 to 18 per cent in Q3 of 2024, while Alicante has also experienced growth, from 12 per cent to 13 per cent. The increase in express sales in these cities, as well as the Costa Blanca region as a whole, is not isolated. Across the country, express sales have risen in various cities, such as San Sebastian and Barcelona. The Costa Blanca remains a strong player in the real estate market, particularly for foreign buyers. The area has seen a steady rise in ex-
press property sales, reflecting its appeal not only to tourists but also to those seeking permanent relocation or second homes. Provinces such as Valencia and Alicante both feature prominently in the study. Valencia ranks as the fifth-highest province for express sales in Q3, with 15 per cent of properties sold within a week. Alicante closely follows, with 14 per cent of its sales being completed in under seven days. The rise in express sales in both Valencia and Alicante aligns with broader trends in Spain’s real estate market, where competition for desirable properties is pushing buyers to act quickly.
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