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A new day, a new dawn

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It’s with a heavy heart that I announce that Steve Rebbetts, my business partner here at Ultimate Homes since we started back in 2004, has decided to move on to pastures new. As many of you are long time clients of Ultimate Homes , you will have got to know us both personally and perhaps shared a drink or a lunch with us too, we part on good terms and I am sure we will still work together from time to time in the future. It’s taken me a long time to put words down but Ultimate Homes will continue as before, working in what many consider to be the most desirable locations on the Alicante coast line, and still retaining the office in Altea (with those amazing views). So what is happening locally in property? The first six months of the year have been tremendous, with lots of viewings, buyers and property changing hand at or very close to the asking price. New build projects are being launched and smaller off-plan developments are selling quickly, mostly to buyers from Scandinavia and th

More housing market data from Spain

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Five bedroom villa Benitachell/Moraira area - check out the views The housing market continues to rise in #Spain, although it is beginning to show symptoms of fatigue.‎‎ According to the latest data from the notary offices throughout Spain, in May 63,921 home sales and 32,423 mortgages were formalized. In both cases, this is the‎‎ best figure for the month of May since 2007‎‎, although the growth rate is slowing.‎ ‎Transactions rose by 7.3% year-on-year in Spain as a whole, but Madrid, Murcia, Asturias and Navarra recorded decreases.  The notarial statistics show that the sales of apartments increased by 8.8% year-on-year, reaching 48,821 units, while single-family units increased by 2.8% year-on-year, reaching 15,099 transactions. ‎ ‎Operations grew in 13 Autonomous Communities‎‎, with the Canary Islands (34.8%), the Valencian Community (16.1%), Extremadura (13.1%), Aragon (12.5%) and Cantabria (11.8%) leading the increases. Already with single-digit increases we find Catalonia (8.5%)

TINSA monthly figures

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Latest figures from TINSA the Spanish property valuation company show that residential average property prices are up by 8.2% compared to 12 months ago, and up 2.4% over the last 3 months, despite the ongoing war in in Ukraine. I do see things slowing a bit as we head into the hottest months of the year, yet well priced property in good locations is still selling very quickly, one penthouse which I listed for sale only 10 days ago has had several viewings and competing offers. Check out our latest property updates and listings  here .

Spain property prices continue upwards - TINSA January 2022

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Spanish home prices start the year with average increases of 6.2%. The general index stood at 1,770 points, which represents 6.2% more than in January 2021 and an increase of 0.7% compared to December. All the areas analyzed increased their price inter-monthly, except the Mediterranean coast, which remains stable after the increases in recent months. Metropolitan areas' is the group that has appreciated the most between December and January. In the balance of the last 12 months, the greatest increase corresponds to small towns in the interior ('Resto de Municipios'). The average value in Spain is 24.3% below the maximum reached in 2007. TINSA, the Spanish valuation company, have updated their indice as of January 2022, which shows the % increase compared with January 2021. In general, the indice is up by 6.2%, and the Mediterranean coast area (admittedly a huge coastline) is also up 6.2% year-on-year. The monthly variation is negligible, and prices are still down on average

Spain Property prices continue upwards - TINSA November 2021

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 TINSA, the Spanish property valuation company released their latest monthly buletin to show property prices continue to rise during the month of November 2021, up by 1.2% compared to the month of october and up by 9.5% compared to November 2020. The numbers also show how year-on-year, the average prices have increased on the mediterranean coastline by 13.4%, yet we are still 35.8% below the maximum levels seen in 2007/08.  Event with signs of inflation, the relation between mortgages, the loan to value rate offered and the relatively high  rate of saving in Spain,  we can see little risk of over valuing in the market at the moment. Continue to check our webpage and social media feeds more new property listings. Facebook Instagram The full press release from TINSA can be seen here  

Guess which area has the highest price per square meter in the Valencia region?

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Guess which area has the highest price per square meter in the Valencia region? _ _ _ _ According to latest figures from Pisos.com , it's Alfaz del Pi, with an average price per square meter of 2,510 Euros, followed by Javea (2,444), Calpe (2,323), Benidorm (2,285), Alboraia (2,281), Altea (2,272), Valencia (2,107) and El Campello (2,007). At the other end of the scale, the town of Manuel, with an average price per square meter of 583 Euros. Interested in a property in Alfas del Pi? We are offering a brand new development "Icon Alfaz" for sale with prices based on today's availability from 165,000 Euros - contact us now for more information. The article regarding prices appeared in the Valencia newspaper, Levante - https://www.levante-emv.com/economia/2021/09/24/municipio-valenciano-desbanca-xabia-caro-57618905.html

Icon Alfaz

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September feels like the start of a new chapter. So, what better time than now to take a look at this new development in Alfaz del Pi - whether you are looking for a space to suit a new life in the sun or simply a holiday home in a very sought-after location, ICON ALFAZ we believe offers such an inspiring fresh start. Brand new 2 and 3 bedroom apartments with spacious terraces Sea views Located within an established neighbourhood with a mixture of villas, townhouses and apartments close by. Fully-fitted kitchen Communal pool and children's play area Parking and store room included in the price Modern design and high-quality finishes And best of all, prices start from 160.000 Euros plus taxes. For more information, contact us here to arrange a site visit in person or to organise a virtual visit.