Benidorm prices break records – how are property prices moving in Alicante province?
The first half of the year has brought significant price increases in the real estate market, especially in Alicante province. Recent data shows that Benidorm has become the most expensive area, with the price per square metre already reaching €2,214 – that’s a full 19.6% higher than a year ago!
The city of Alicante and Torrevieja are also holding high positions, with €1,837 and €1,691 per square metre respectively, both seeing prices rise by over 10% compared to last year. Buying property now requires a bit more financial effort – for example, in Benidorm and Torrevieja the effort rate already exceeds 60%. This means buyers should be prepared for higher financial commitments.
Why are prices increasing?
Limited supply and strong demand, especially for new developments, are keeping prices high. In addition, Alicante province leads the way in Spain for property transactions and new construction projects.
If you’re planning to buy or sell property in our area soon, it’s important to understand market trends and plan your purchase or sale wisely.
Do you know what your property is worth today? Ask me for a free market valuation and let’s find the best possible deal together!
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