Although Brexit threatened to have a serious impact on the CB property market, experts from Yer Realty say that the worst has already happened and the market is now remaining stable.
According to data provided by Yer Realty, a real estate agency specialising in the Costa Blanca, after the bump in the first months after the announcement of Brexit in the final quarter of 2017, the market has rebounded throughout 2018 and sales of real estate have stabilised completely, In fact, with respect to the first quarter of the previous year, sales have increased by 10.9 percent.
The British have been the foreigners most loyal to this area for years, and are in fact the international clients who are the protagonists of more than 20 percent of all purchases carried out in the Alicante region according to Yer Realty.
Sweden, Belgium and Germany follow the UK as having a keen interest in purchasing property in this area.
So despite all the rumours that anticipated the real estate sector collapse on the Costa Blanca as a result of the Brexit advance, instead it would seem that British citizens are continuing to respond favourably to the offer of properties in the region.
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