What is the average apartment price in Alicante, Spain?

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What's the average price of an apartment in Alicante right now including all fees and taxes?

The average apartment price in Alicante ranges from €181,200 to €198,160 for a typical 80-square-meter unit, based on the citywide average of €2,265 to €2,477 per square meter as of June 2025.

When you include all fees and taxes, the total cost reaches €211,500 to €213,000 for a resale apartment. For a €190,000 apartment (midpoint), you'll pay €19,000 in Property Transfer Tax (ITP at 10% in Alicante), plus €2,500 to €4,000 for notary, registration, and legal fees.

New build apartments cost approximately €2,650 per square meter, meaning a 90-square-meter new apartment would cost €238,500. The total cost including VAT (10%) and Stamp Duty (1.5%) reaches €269,225, including all additional fees and taxes.

It's something we develop in our Spain property pack.

How much do apartments typically cost per square meter in Alicante, and how does it vary by neighborhood?

Apartment prices per square meter in Alicante vary dramatically by location, ranging from €960 in budget areas to over €5,000 in luxury coastal zones.

What are the most expensive, up-and-coming, and budget-friendly areas in Alicante for buying an apartment?

The most expensive areas in Alicante are the coastal neighborhoods of Playa de San Juan, Cabo de las Huertas, and Albufereta, where luxury properties and prime beachfront locations command premium prices.

Up-and-coming areas showing strong growth potential include Vistahermosa, Benalúa Sur, Juan Pablo II (PAU 2), and Mutxamel. These neighborhoods feature new developments, urban renewal projects, and modern infrastructure that's driving rapid appreciation.

Budget-friendly areas offering the best value include Virgen del Remedio, Juan XXIII, Los Ángeles, Tómbola, and San Nicolás. Despite being affordable, these areas are experiencing significant price growth, with Los Ángeles recording a 27.5% annual increase.

Vistahermosa stands out as the sweet spot, offering modern amenities and strong growth potential while remaining more affordable than premium coastal areas. The area benefits from new developments and excellent connectivity to the city center.

How have average apartment prices in Alicante changed over the past 5 years and over the last year?

Alicante's apartment market has experienced remarkable growth, with prices increasing by 40% over the past five years, representing a compound annual growth rate of approximately 5.5%.

Over the last year alone, apartment prices have surged between 13% and 18% citywide. The fastest-growing neighborhood, Los Ángeles-Tómbola-San Nicolás, recorded an exceptional 27.5% year-over-year increase, while new build properties appreciated by 12%.

This growth significantly outpaces Spanish national averages and reflects Alicante's increasing popularity among both domestic and international buyers. The price acceleration has been driven by limited housing supply, strong rental demand, and the city's appeal as a coastal destination with excellent climate and infrastructure.

The sustained growth trajectory indicates a robust market with continued investor confidence, though the pace of increases may moderate as prices reach higher levels compared to local income ratios.

What are the forecasted apartment price trends in Alicante for the next 1, 5, and 10 years?

For the next year, Alicante apartment prices are forecasted to increase by 3% to 7%, driven by continued limited supply and strong demand from both investors and residents.

Over the next five years, continued growth is expected, though the rate may moderate from current levels. If current trends persist, cumulative increases could mirror recent years, potentially adding another 20-30% to current values, though this depends on economic conditions and policy changes.

The 10-year outlook shows strong long-term appreciation potential, especially in coastal and city-center areas. Alicante's strategic position on the Costa Blanca, excellent transport links including high-speed rail to Madrid, and growing international recognition support sustained long-term growth.

Key factors supporting continued appreciation include ongoing infrastructure development, limited buildable coastal land, growing expatriate communities, and Spain's appeal as a post-Brexit destination for European property investment.

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What are examples of real apartment purchase prices in Alicante, including total cost with fees and taxes?

Here are three realistic examples of apartment purchases in Alicante with complete cost breakdowns including all fees and taxes.

A 60-square-meter apartment in Virgen del Remedio costs €62,400 (€1,040/m²). Adding €6,240 for Property Transfer Tax (10%), plus €2,000 for notary, registration, and legal fees, brings the total to €70,640.

An 80-square-meter apartment in the city center costs €190,000. With €19,000 in Property Transfer Tax and €3,000 in additional fees, the total investment reaches €212,000.

A 90-square-meter new build apartment in Vistahermosa costs €238,500 (€2,650/m²). Including VAT (10%) and Stamp Duty (1.5%) totaling €27,225, plus €3,500 for notary and legal fees, the total cost is €269,225.

These examples demonstrate how additional costs typically add 10-15% to the property price for resale apartments and around 11.5% for new builds, making budget planning crucial for potential buyers.

How do Alicante apartment prices compare to similar-sized cities in Spain like Valencia or Malaga?

Alicante offers more affordable apartment prices compared to similar Spanish coastal cities, making it an attractive investment destination.

Compared to Valencia, Alicante apartments cost €2,265-€2,477 per square meter versus Valencia's €2,271 per square meter, showing very similar price levels. However, Alicante offers better rental yields with lower rental costs, making it more attractive for investors.

Against Malaga, Alicante presents significantly better value with prices around €200-400 per square meter lower than Malaga's €2,700 average. Alicante also offers lower living costs and better salary-to-housing-cost ratios.

Rental income potential favors Alicante, with city center one-bedroom apartments renting for €850-€1,000 monthly compared to €1,037 in both Valencia and Malaga. Three-bedroom rentals in Alicante command €1,200-€1,900 versus €1,721 in Valencia and €1,779 in Malaga.

This combination of competitive purchase prices and strong rental income potential positions Alicante as offering superior investment returns compared to its larger coastal counterparts.

What's the cost breakdown when buying an apartment in Alicante (including taxes, notary, legal, agency fees, etc.)?

The total cost breakdown for buying an apartment in Alicante varies significantly between resale and new build properties, with additional costs typically ranging from 10-15% of the property price.

For a €190,000 resale apartment, expect total additional costs of €22,000-€24,500. For a €238,500 new build, additional costs reach €27,000-€30,000.

We did some research and made this infographic to help you quickly compare rental yields of the major cities in Spain versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.

What kind of mortgage options are available for buying an apartment in Alicante, and what are the average rates?

Mortgage options in Alicante vary significantly between residents and non-residents, with competitive rates available for qualified borrowers as of mid-2025.

Spanish residents can access mortgages up to 80% loan-to-value ratio with interest rates ranging from 2.5% to 3.9%. Non-residents typically qualify for up to 70% loan-to-value with slightly higher rates from 2.9% to 4.9%.

Fixed-rate mortgages offer rates between 2.5% and 3.7% nominal, with APR reaching up to 4%. Variable rates are tied to Euribor plus a margin of 0.49% to 1.2%, while mixed-rate products start with initial fixed periods at 2.7% to 3.2% before converting to variable rates.

Spanish banks generally require a minimum income of €2,000-€3,000 monthly for residents and higher thresholds for non-residents. Mortgage terms typically extend up to 30 years, with some lenders offering up to 40 years for younger borrowers.

It's something we develop in our Spain property pack.

Which types of apartments (studio, 1-bedroom, 2-bedroom, penthouse, etc.) offer the best value right now in Alicante?

Studios and one-bedroom apartments currently offer the best investment value in Alicante, generating rental yields of 5-6% annually due to high demand from young professionals, students, and short-term rental guests.

Two-bedroom apartments provide excellent balanced value for both investment and personal use, appealing to families and professional couples while maintaining strong resale potential. These units typically rent well in both long-term and vacation rental markets.

Penthouses command premium prices but show strong appreciation in coastal and central areas, particularly in Playa de San Juan and the city center. While requiring higher initial investment, they offer luxury lifestyle benefits and strong capital appreciation potential.

Modern new builds across all apartment types currently offer superior value due to energy efficiency, smart home features, and higher tenant demand. These properties often command rental premiums of 10-15% over older units while requiring lower maintenance costs.

For pure investment purposes, studios and one-bedroom units in the city center or near the beach provide the highest yields, while two-to-three-bedroom apartments offer better long-term appreciation and family appeal.

What are the smartest apartment investments in Alicante today if you plan to rent short-term, long-term, or resell later?

For short-term rental investments, focus on city center, Playa de San Juan, and Cabo de las Huertas apartments, which benefit from high tourist demand and can generate yields of 6-8% annually through platforms like Airbnb.

Long-term rental investments perform best in Vistahermosa, Benalúa Sur, and Los Ángeles neighborhoods, where growing residential populations and modern amenities ensure steady tenant demand with yields of 4-6% annually.

For resale profit potential, target up-and-coming areas like Vistahermosa, Benalúa Sur, and Mutxamel, where new infrastructure and urban development projects are driving rapid appreciation rates exceeding 15% annually.

The smartest overall strategy combines location and property type: one-to-two-bedroom modern apartments in Vistahermosa or near Playa de San Juan offer flexibility for both rental income and future resale, while benefiting from Alicante's ongoing gentrification and tourism growth.

Consider properties near the upcoming high-speed rail expansion and new tram lines, as improved connectivity typically drives 10-20% appreciation premiums within three years of completion.

Which areas and apartment types are best if you're planning to live in Alicante full-time versus use it as a rental property?

For full-time living, Playa de San Juan, Centro, and Vistahermosa offer the best combination of lifestyle amenities, transport links, and community infrastructure, with two-to-three-bedroom apartments providing optimal space and comfort.

Playa de San Juan excels for beach lifestyle enthusiasts, offering direct beach access, excellent restaurants, and strong expatriate communities. Centro provides urban convenience with walking access to cultural attractions, shopping, and business districts.

For rental property investment, focus on studio-to-two-bedroom apartments in high-demand areas: city center and Playa de San Juan for short-term vacation rentals, or Vistahermosa and Benalúa Sur for long-term residential tenants.

Rental properties should prioritize modern amenities, air conditioning, and proximity to transport links or beaches. Properties near the university areas or business districts command premium rents from students and professionals.

It's something we develop in our Spain property pack.

Conclusion

This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.

Sources

1. InvestRopa - Alicante Property Market Analysis
2. Indomio - Alicante Real Estate Market Data
3. InvestRopa - Alicante Price Forecasts
4. Dream Property - Spain Property Taxes 2025
5. Spain Easy - Buying Property in Spain 2025
6. Estrellas Properties - Property Buying Expenses Spain
7. SpotBlue - Expensive Areas in Alicante
8. InvestRopa - Best Areas in Alicante
9. Granfield Estate - Spanish Mortgages
10. Fluent Finance Abroad - Spanish Mortgage Rates 2025