Costa Blanca
Alicante the most popular Spanish province for foreign residents
By h.b.
Dec 26, 2007 - 10:42 AM

70% of the property in the Valencia region owned by foreigners is in the province of Alicante. Foreign property sales in the province are worth 675 million € a quarter according to the latest data for 2007 presented in a new report from the Ceimigra Foundation, Bancaja and the Regional Immigration Department.

Numbers from the Ministry for Housing show that in the last quarter of 2006, more than 7,200 homes were purchased by foreigners in the Valencia region, 4,700 of them in Alicante province.

Data shows that Alicante is also the Spanish province with the highest proportion of foreign residents with some 390,000. That represents 20% of the total population. Of the immigrants half of them come from other European countries.