Mar 3, 2025
The price of housing continues to climb on the Mediterranean coast: up 9% year-on-year in 2024 compared to 2023. The most intense increases in the country are located in the coastal provinces of Malaga, Cadiz, Canary Islands, Alicante and Cantabria, above the growth in Barcelona and Madrid and their metropolitan areas. In the province of Alicante, Benidorm is the sixth municipality in the country with the highest increase in house prices in 2024. In the city of Benidorm prices increased by 11.3%..
According to the Tinsa IMIE Local Markets statistics for the fourth quarter of 2024 and, in general, for the whole year on the evolution of residential prices in relevant municipalities, it is worth noting that 49% of these relevant municipalities analysed exceeded the national average by 4.4%. The municipalities with the highest increases were Vélez (Málaga) 14.4%, San Cristóbal de La Laguna (Tenerife) 13.4%, Marbella (Málaga) 13.2%, Chiclana de la Frontera (Cádiz) 12.3%, Torrelavega (Cantabria) 12.3%, Benidorm 11.3%, Alcalá de Guadaira (Seville) 11.2%, Sanlúcar de Barrameda (Cádiz) 10.8% and Roquetas de Mar (Almería) 10.1%..
In the province of Alicante, prices also rose significantly in Torrevieja, by 7.3%; Orihuela - 7.1%; in Elche 4.6%; in Alcoy 0.8%. On the other hand, in Elda the price fell by 3.9%. While in the rest of the country price increases are more moderate (the Spanish average is 4.4%), in the Valencian Community and especially in the province of Alicante prices are rising even more sharply..
Evolution of house prices in Alicante province:
In Benidorm, the specific price of housing stands at 2,000 euros per square metre, with an annual variation of 11.3%, while the quarterly variation increases by 2.4%..
In Torrevieja, the specific cost of housing stands at 1,604 euros per square metre, with an annual variation of 7.3%, while the quarterly variation increases by 1.5%..
In Orihuela, the specific cost of housing stands at 1,627 euros per square metre, with an annual variation of 7.1%, while the quarterly variation increases by 2.4%..
In Elche, the specific cost of housing in the municipality is 1,323 euros per square metre, with an annual variation of 4.6%, while the quarterly variation increases by 1.6%..
At the moment, in Elda, the specific cost of the municipality is 863 euros per square metre, and the annual variation is 3.9% lower, and the quarterly variation is down 0.6%..
Finally, in Alcoy, the specific cost of the municipality is 860 euros per square metre, with an annual variation of 0.8%, while the quarterly variation increases by 0.4%..
In 2024 , 52,867 home sales and purchaseswere registered in the province of Alicante, 8.8% more than in 2023. According to these figures, Alicante accounted for 8.2% of all transactions in Spain, ranking third behind Madrid: 77,229 and Barcelona: 64,568..
Information extracted from the website alicanteplaza.es