The property market in the province continues to be one of the most active and buoyant in Spain; however, the success and recovery is mainly down to foreign investors.
Britons still form the largest proportion of foreign investors, and account for practically 20 per cent of all residential properties purchased by foreigners.
The importance of the Swedish market is now coming to the fore, however. Latest figures issued by the Ministry of Development and property registrars in Spain show that 9.9 per cent of foreign purchases are in fact coming from Sweden, illustrating the increased demand from the Scandinavians for Spanish property.
A leading Swedish estate agency operating on the Costa Blanca, Fastighetsbyran, a subsidiary of Swedbank, has sold almost 1,000 properties in 2015 with a total value of €200 million, an increase of 48 per cent over 2014.
Forty-nine per cent of their sales have been in the province of Alicante, a fact that has been attributed to the frequency of direct airline services between Alicante and Scandinavia.