Will property prices reduce significantly after the recent floods?

Oh, for goodness' sake. People have lost everything, the clean up operations are still going on and the emergency services are still finding bodies, and you are asking about property prices? 

I was asking in a respectful way. Where should I ask these questions? I thought this was a helpful community? I don't need your judgement buddy... 

There are serious floods In Spain from time to time and they are projected to get worse in the future, that's true of many countries worldwide.

 It would be wise to look at the location of any property you want to buy, do as much research as possibe about any issues in the area, including flood risk. This would be the same if you were buying, in say, the UK. 

A bigger issue in Spain is the lack of rainfall!

 I don't think prices around Torrevieja will be affected by the recent flooding seen in other parts of the country, but that's just my opinion.

Rgds,

Aitch.

Ok, so you're saying Alicante was horribly flooded and property prices in Torrevieja will not be affected? That's strange...Even a pensioner that won't have much of a clue how the property market works, will probably have some second thoughts about buying a house in the sun...

Yes, your right, that is what I am saying.

 Why would prices fall in a location that did not flood 44km away from somewhere that did flood? In the UK I live about 12 miles from a village that regularly gets flooded, it does not affect the prices in my area. 

 I did advise that you look at all the risks when you are considering buying, take my opinion as just that, my opinion, and make your own mind up. 

Rgds,

Aitch.

There were no floods in Torrevieja that put properties at risk and it's highly unlikely that it will ever happen.  

Torrevieja isn't Valencia !!

Torrevieja always has flooded rains after many rainstorms. Some areas used to get flooded though not many parts. Since the Gota Fria in 2019 they have been very busy putting in storm drains, runoffs and other building work. Property floods are very rare and I doubt any property prices in that area will change downwards. 

We get some pretty serious rainfall in my town but it is all diverted and, even in the last big storm which caused some damage, no flooding occurred and it cleared pretty quickly. Yet just 5km to the north they opened a sluice gate to alleviate the flow and many properties had serious flooding. That hasn't affected the prices in my place even with a greater proximity than Torrevieja has to Alicante. 

Don't forget the droughts, earthquakes and forest fires!
If you want to live anywhere around the Mediterranean then these are the risks, they have always been there and still prices are rising.