The exciting development of the Valencia region is set to continue unabated, with the local government unveiling a new homebuilding initiative for the area.

Regional planning and environment chief Jose Ramon Garcia Anton has revealed plans to build new subsidised properties in the area, which will be available at below-market prices for lower earners.

According to Costa Blanca News, the official has received the backing of nine councils in the region to free up 2.2 million square metres of land for construction. About 14,300 ‘public protected’ homes are expected to be built in this area.

In addition, Garcia Anton told a meeting in Alicante province this week that a new study of the demand for subsidised housing in Alicante, Castellon and Valencia will be completed in January.

He said: “This will allow us to know the housing necessities and the exact situation of offer and demand for each municipality.

“In this way, the town halls and the regional government can accurately allocate land for building to satisfy the demand which exists.”

With the region already boasting a large expat community and much top-end property, the new housing would help to strengthen the infrastructure of the Valencia region.

A new inland road route for the Costa Blanca, which would take the strain off coastal highways, was recently proposed by the regional government in Callosa.

Tags: Costa Blanca, homebuilding, Valencia