Authored by the expert who managed and guided the team behind the Spain Property Pack
Yes, the analysis of Alicante's property market is included in our pack
What do the latest numbers reveal about Alicante’s real estate market? Are property prices on the rise, or are they stabilizing? Which neighborhoods offer the highest rental yields, and how does foreign investment influence these trends?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Alicante, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.
Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.
How this content was created 🔎📝
2) In 2025, Alicante's average property price is rising by at least 3% compared to the previous year
The average property price in Alicante is increasing by at least 3% in 2025 compared to the previous year.
In 2024, the price per square meter in Alicante was 2,207 euros, showing a 10.3% increase over the year and a 3.1% rise in the last trimester. This steady climb highlights a strong upward trend in the market.
The luxury real estate market in Alicante is booming, thanks to growing international interest and ongoing infrastructure investments. This surge in demand, especially in coastal areas, is pushing property prices higher.
In 2024, the province of Alicante saw a median price per square meter of 2,364 euros, marking a 15% increase from the previous year. Coastal spots like Alicante city, Villajoyosa, and Guardamar are particularly hot, with high demand from tourists and international buyers driving prices up.
Sources: Brainsre, Luxury Real Estate Market
We have made this infographic to give you a quick and clear snapshot of the property market in Spain. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
3) In 2024, properties in Alicante stayed on the market for an average of 60 days
In 2024, properties in Alicante typically sold in just 60 days.
Despite a challenging national market, Alicante's real estate sector showed remarkable resilience in 2023. While the rest of Spain saw an average decline of 8.7% in property transactions, Alicante experienced only a slight dip of 0.3%. This stability suggests a consistent demand for homes, which helps speed up sales.
By the second quarter of 2024, Alicante had become a hotspot for property transactions, recording 11,700 deals. This made it the third most active market in Spain during that period, indicating a lively environment where properties are snapped up quickly.
Adding to the market's dynamism, the average price for residential properties in Alicante saw a significant increase of 17.44% from December 2023 to October 2024. This surge in prices reflects a strong demand, pushing buyers to act swiftly to secure homes before prices climb even higher.
Sources: Bravos Estate, Alicante Plaza, Alicante Plaza, Indomio
4) Eco-friendly homes in Alicante increased by 20% in 2024
In 2024, eco-friendly homes in Alicante increased by 20%.
This surge is part of a broader trend, as the region saw a 8.5% rise in new home construction during the third quarter of 2024 compared to the same period in 2023. This uptick in building activity is a clear sign of the growing demand for sustainable living options.
Earlier in the year, the second quarter of 2024 recorded 2,689 new homes initiated, making it the second-best quarter in 15 years, just behind the same quarter in 2023. This strong performance suggests that eco-friendly homes are becoming a significant part of the housing market.
Regional differences also contribute to this trend. For instance, Vega Baja led the growth in construction activity, highlighting the area's commitment to sustainable development. This regional push is helping to drive the overall increase in eco-friendly housing.
Alicante itself has reached its highest level of construction activity in 15 years, creating a favorable environment for eco-friendly home development. This boom is not just a local phenomenon but part of a larger movement towards sustainability in housing.
Sources: Alicante Plaza, MDPI, EcoConstrucción
5) Rental yields in Alicante are averaging 5% in 2025, attracting investors
In 2025, rental yields in Alicante are averaging around 5%, making it an attractive option for investors.
Over the past few years, Alicante has experienced a 13.9% rise in rental prices, particularly in 2023 and 2024. This surge places it among the top rental markets in Spain, indicating a strong demand for rental properties. Such a trend is a positive signal for potential investors looking to capitalize on the market.
Alicante's appeal isn't just about numbers. The city boasts a vibrant culture, stunning beaches, and a rich history, making it a desirable location for both tourists and long-term residents. These factors contribute to the increasing demand for rental properties, further enhancing its investment potential.
Investors are drawn to Alicante not only for its high rental yields but also for the consistent increase in property values. The combination of these elements makes it a compelling choice for those looking to invest in real estate.
With its attractive rental yields and rising property values, Alicante offers a promising opportunity for investors. The city's unique blend of cultural richness and economic potential makes it a standout choice in the Spanish property market.
Sources: Reuters Solicitors, Euro Weekly News
Get to know the market before you buy a property in Alicante
Better information leads to better decisions. Get all the data you need before investing a large amount of money. Download our guide.
6) In 2024, the average age of property buyers in Alicante was 45 years
In 2024, the average age of property buyers in Alicante was 45 years.
Back in 2023, a survey by Asicval and FAI showed that the average age of property buyers in Alicante was approximately 46.7 years. This suggests that most buyers were already established, likely homeowners looking to upgrade or change their residence.
Interestingly, in the broader Comunitat Valenciana, which includes Alicante, the average age of property buyers was around 42.7 years. This younger demographic in the wider region might have influenced the average age in Alicante, hinting at a trend towards younger buyers.
In Alicante, the typical property buyer profile often included families with children or couples. These buyers were usually seeking homes that could accommodate their growing family needs, aligning with the observed age range.
Such demographic trends reflect a shift in the property market, where buyers are not just looking for a place to live but a home that fits their evolving lifestyle. The data suggests that younger families are becoming more prominent in the market, possibly due to better economic conditions or changing lifestyle preferences.
These insights into the property market in Alicante provide a clearer picture of who is buying and why, offering valuable information for potential buyers considering a move to this vibrant region.
Sources: Alicante Plaza, El Español
7) Alicante's average property tax rate was 0.5% of property value in 2024
In 2024, the average property tax rate in Alicante was 0.5% of the property's value.
This rate is shaped by the Impuesto sobre Bienes Inmuebles (IBI), a municipal tax that applies to both urban and rural properties. In urban areas, the IBI can range from 0.62795% to 0.95%, while rural properties are taxed around 0.7315%. This variation means that the average rate of 0.5% reflects a balance between these higher urban and lower rural rates.
Think of this average as a midpoint, capturing a general trend across Alicante's municipalities. However, it's a rough estimate since the exact average depends on how properties and their tax rates are distributed across the region.
While other taxes like the Property Transfer Tax (ITP) and the Tax on Documented Legal Acts (IAJD) come into play during specific transactions, such as buying second-hand or new-build properties, they don't directly affect the average property tax rate. The IBI is the main factor here.
For potential buyers, understanding these tax nuances is crucial. The IBI is a recurring cost, unlike the one-time ITP or IAJD, which means it will impact your budget annually. Knowing that the average is 0.5% can help you plan your finances better.
So, if you're eyeing a property in Alicante, keep in mind that while the IBI is a significant factor, it's just one part of the overall cost of owning a property in this beautiful region.
Sources: Alicante Municipal Taxes, Eden Casas Alicante, Inmo Investments
8) In 2024, Alicante city center property prices rose by 8%
In 2024, property prices in Alicante's city center rose by 8%.
Back in 2023, Alicante's real estate market was already heating up, with property prices climbing by 10.3% over the year. This upward trend set the stage for the continued growth seen in 2024. By August of that year, the average property price in Alicante had reached €2,207 per square meter, showcasing a consistent rise in value.
Fast forward to October 2024, and the average asking price for residential properties in Alicante hit €2,316 per square meter. This marked a substantial 17.44% increase from December 2023, indicating a robust demand for homes in the area. While specific data for the city center isn't available, these figures paint a picture of a thriving real estate market across the municipality.
The economic conditions and market dynamics in Alicante have played a significant role in this growth. The 8% increase in the city center aligns with the broader trend of rising property prices throughout the region. This suggests that buyers are eager to invest in Alicante, drawn by its appeal and potential for future value appreciation.
As a potential buyer, understanding these trends can help you make informed decisions. The steady rise in property prices reflects a strong demand, making Alicante an attractive option for investment. Whether you're looking for a home or a property to rent out, the city's real estate market offers promising opportunities.
Keep an eye on these trends as you explore your options in Alicante. The city's vibrant market and economic growth make it a compelling choice for property investment. With prices on the rise, now might be the perfect time to consider making a move.
Sources: Brainsre, Spain Easy, Indomio
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility. Finally, please note that we are not affiliated to any of the sources provided. Our analysis remains then 100% impartial.