ALICANTE – Costa Blanca concentrates 40% of home sales on foreigners. Therefore, the coast is the leader in the residential tourism sector in Spain compared to other competing destinations.
This is according to data for the first half of the year collected by the Association of Real Estate Developers of the Province (Provia).
The Provia figures, which are collected by the Ministry of Transport, Mobility and Urban Agenda (Mitma) concerning the first half of the year, are evident: Costa Blanca accounts for 40% of home sales to foreigners. Their main competitor in this segment, the Costa del Sol, accounts for 24% of sales. In addition, the province of Alicante is positioned above its direct competitors. These are; Costa de Valencia, Costa Cálida, Costa Brava and the Balearic Islands which jointly account for 36% of sales in this first semester.
On the other hand, the Association of Real Estate Developers has explained to Ximo Puig, president of the Valencian Community, that residential tourism can attract general tourism and generate great economic activity. Therefore, he believes that this type of tourism should receive special attention within the tourism area of the regional government.
Finally, in the meeting between Provia and the regional government, they discussed the creation of a White Paper on Residential Tourism in the Valencian Community to improve governance and public-private collaboration and thus mark the strategic lines for the development of this economic activity.