3rd QUARTER 2022 - PROPERTY MARKET UPDATE
As we’re now officially at the start of the final quarter of 2022, let’s take a brief look at how the local property market has performed during this past 3rd quarter.
In general there has been a lack of properties on the market for sale. More buyers than sellers! In fact, it was reported that foreign buyers purchased almost 90 properties a day in the first six months of 2022 in the Alicante province alone!
The average house sales price in the Ciudad Quesada and surrounding areas during the 3rd quarter of 2022, jumped up to €196,600. This is a huge 10% increase compared to the 2nd quarter of 2022. And almost 35% higher than the 3rd quarter of 2021!
This proves the interest continues with buyers from around the world wanting to purchase both holiday homes and British buyers going through the process of relocating here permanently.
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