Costa Blanca
80 percent fall in land sales in Alicante province
By h.b. - Jun 9, 2008 - 8:24 AM
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Land sales in the towns of the province of Alicante have fallen by 80% in just one year according to the latest data from the Ministry for Housing. Only 29 deals were registered in the province in the last quarter of last year in Alicante, Elche, Benidorm, Torrevieja, Alcoy, Elda and Orihuela.
Meanwhile the square metre price of land was also down some 33% over the year to stand at 352.7 € on average, it’s lowest level for three and a half years.
The continuing climate of economic uncertainty and the greater demands from banks and savings banks at the hour of granting loans means the numbers are set to fall still further.
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