IP03

94 // iberian.propery / 2017

dossier// ISSUE: TOP IBERIAN cities

HOUSING

Sales

(Valencia Region, 2015): 59.605 units (52.644

used / 6.961 new). Source: INE

Stock

(Valencia Region, 2015): 3.147.062 units –

1.986.896 primary residences, 655.137 secondary

residences and 505.029 unused units (source: INE)

Demand

: slow but consistent growth in demand,

driven by the improvement in employment and

economic prospects, as well as in the demand for

investment

Mortgages

: 12.248 mortgage loans granted in 2016 in

the province of Valencia, +61% compared with 2015,

(source INE, CBRE)

Prices

: on an upward trend, due to the rise in

demand and decline in supply. The average price per

transaction in the Valencia Region is around 100.000

euros, and Alicante is the province that displays the

highest average value, surpassing 115.000 euros per

transaction (Source: CBRE)

Investment

: the difficulty to find product for

investment at attractive prices in the cities of Madrid

and Barcelona has been turning the Valencia Region

into one of the most active investment locations in

the country, concludes CBRE

Residential Tourism

Demand

: beginning to intensify, with sales growing

19% in the Alicante area and 23% in Valencia last year

(source: CBRE)

Sales

: demand driven by foreigners is growing

rapidly, with the Valencia Region registering more

than 27.000 sales to foreigners between 2015 and the

first semester of 2016, which represents 30% of the

national total

Zones

: in the province of Valencia in particular, 15% of

the sales completed were to foreigners. The province of

Alicante stands out as one of the most active markets in

this segment on a national level, both in the number of

sales and the predominance of foreign buyers

TOURISM (2015)

40.720 hotel or similar establishments

, making up a

total offer of 421.886 accommodation units

Representing 30% of the

total residential sales

to foreigners in Spain,

Valencia is the Spanish

region to sell the largest

number of homes to citizens

of foreign countries

source: Generalitat Valenciana

TOURISM OFFER 2015

Nº Establishments Nº Units

Hotels

749

123.503

Hostels

208

6.938

Apartments

38.319

204.190

Camping

123

71.001

Rural Housing

1.031

7.943

Inns

3.457

Boarding Houses

227

4.854