Wednesday, June 21, 2017

The boom returns

The construction sector maintains its recovery in the province of Alicante. Promoters' applications to launch new projects have increased exponentially in recent months, but especially in coastal municipalities, such as Guardamar, Torrevieja, Orihuela Costa and Pilar de la Horadada,

In our region, the towns of Torrevieja and Orihuela continue to lead the boom for new housing construction, not only in 2017, but in the last three years. What the data indicate is that the recovery of the sector is consolidated and is accelerating. According to experts,2017 is being turning out to be very productive in the real estate sector. Some of them say that it is possible to reach the housing figures of 2004.

According to the TINSA report, based on data provided by the Ministry of Public Works, new construction visas in Orihuela Costa in 2015 stood at 448, while in 2016 they rose to 1,038, an increase of 132%, a growth much higher than that of Guardamar, with 66%, Torrevieja, with 27%, and Pilar de la Horadada, with an 8% increase in the number of new work visas.

The contrast of Orihuela city
Faced with data from the Oriol coast, the city and districts hardly present any construction activity of new housing, not only during this 2017 but in recent years. In fact, the licenses granted by the Department of Urbanism are practically all directed to promotions in Orihuela Costa, as confirmed by the councillor of the area, Begoña Cuartero, The mayor says that in the city and districts few licenses are given and are for minor works, "generally reforms, but not for new work".

No comments: