Housing boost for Santa Pola after 2008 market paralysis

SINCE 2008, when the economic crisis hit, the town of Santa Pola has only processed 437 licenses for the construction of new housing.
In the housing boom around a thousand licenses were being granted annually before the market fell stagnant.
However, things seem to be moving once again as the council reports that from 2014 to today, the city has issued a total of 824 building and rehabilitation permits. “Although it is reactivating very slightly, the needs have changed which has seen renovation works rise and the need for conservation of the property,” said councillor for Town Planning Lola Gadea.
The increase in requests for property renovation also highlights the current land space in Santa Pola. “Practically, there are no lots available for the construction of private houses in the town, so the urban development of Santa Pola has spread to Balsares and Gran Alacant,” admitted the councillor who added that Gran Alacant is the fastest growing residential area of the town with 11,000 registered inhabitants.
The council is also hoping that a planned project with housing developments, a golf course and hotels in the Balsares area by the N-332 will become a reality by 2020: “Landowners are also interested in developing the sector and will present a proposal. If the market were to revive within five years there would be good stability and demand by that time.”