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Showing posts from July, 2022

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...