Luxury Houses for sale in Alicante

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Spain
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Properties in Alicante

Alicante is the capital city of the province of Alicante. It is located on the east coast of Spain on the famous Costa Blanca. Alicante is situated at the foot of the rocky hill - Benacantil, on top of which is the beautiful Castillo de Santa Bárbara Castle. The name of the city is derived from the Arabic term "source of light", because the sun is abundant here almost all year round. Although more and more tourists come here every year, the city has retained its unique atmosphere. While walking along the narrow streets, you will be amazed by the beautiful trees with their impressive roots, as well as by the charming cafes and tapas bars, which attract with their unique fragrances. 

Map of Alicante
Panorama of Alicante

Best things to do in Alicante

The city is referred to as the colourful capital of the Costa Blanca region. It is famous for its turbulent history. But most importantly, it is the unique blend of nations and cultures that gives it its colour. Alicante is located on the east coast of Spain, on the bay of Alicante. The city is famous for its many attractions. There is the well-known Castle of St. Barbara - the symbol of Alicante. It is one of the largest medieval Spanish fortresses. In adidition, another famous element is the funny Calle de las Setas, called  "The street of colorful mushrooms". Alicante is also a very popular place with fantastic seaside beaches. Natural, sandy and wide beaches, including 3 km long Playa de San Juan or charming, urban Playa del Postiguet and excellent weather, which is guaranteed by the Mediterranean climate are the keywords that cause the excitement of investors in properties for rent.

Characteristics of the property market in Alicante

How much do properties in Alicante cost?

Do you want to buy an apartment in Alicante and wonder what is the average price of a property in this city? Alicante is a city where you will find a very wide variety of properties - from very cheap apartments to luxurious villas. The average property price for the province of Alicante is around 240,000 € and is close to the average property prices for all of Spain.

 

Average price for properties in Alicante

  • Average price by square metre for Alicante - 1,547 €
  • Average price for properties in Alicante - 191,791 €

Who buys properties in Alicante?

Foreign clients are an increasing number of property buyers in Alicante. As many as 12% of all sales in Spain were transactions made by foreigners. The largest group of buyers were citizens of Great Britain, Romania and Germany.

 

International buyers:

  • 33 % United Kingdom
  • 14 % Romania
  • 6 % Germany
  • 5 % Bulgaria
  • 5 % Netherlands
  • 5 % Italy
  • 4 % France
  • 4 % Belgium
  • 2 % Norway

Best areas for an investment

Alicante is the province capital in the Valencian Autonomous Community of Spain. This region is a very attractive area for investment due to its beautiful location and the touristic nature of the region. In the districts of Alicante, located in the city centre and by the sea, we will find the most expensive properties with an average price of 415.924 €. However, outside the tourist centre, there are cheaper properties at an average price of 105,403 €.

105,403 € Distrito 2 Colonia Requena, Virgen del Carmen, 400 Viviendas, Virgen del Remedio, Juan XXIII, Pla del Bon Repós, Nou Alacant, Altozano
135,629 € Distrito 3 Ciudad de Asís, Los Ángeles, Florida, Alipark, Rabasa, Tómbola, San Blas, San Agustín
199,751 € Distrito 1 Carolinas, Goteta, San Antón, Campoamor, Benalúa, Ravar Roig, Barrio Obrero, Serra Grossa
213,269 € Distrito 5 Bacarot, Fontcalent, Alcoraya, Montnegre, Rebolledo, Pla de la Vallonga, Cañada del Fenollar, Moralet
415,924 € Distrito 4 Orgegia, Santa Faz, La Albufereta, Playa de San Juan, La Condomina, Vistahermosa, Cabo de las Huertas

Total numer of housing property transactions in Alicante

  • 1st quarter 2018 1 769
  • 2nd quarter 2018 1 958
  • 3rd quarter 2018 1 598
  • 4th quarter 2018 1 745
  • 1st quarter 2019 1 672
  • 2nd quarter 2019 1 769

Prospects for the property market

The property market prospects for Alicante are very good. It is predicted that properties located on the Spanish coast and in tourist centres will enjoy the greatest interest. The high rate of return on investment of up to 10.5% (data from the Spanish Central Bank) should be a big incentive for foreign investors.

Houses for sale

Single-family houses, built both in the central parts of the cities and on their outskirts are very popular among investors in Spain. Investors may choose from terraced, semi-detached, as well as detached houses. A single-family house is an excellent choice for investors who care about a large area. These types of properties are extremely spacious. You may find offers for houses with 2,3,4 or 5 bedrooms. Investors looking for exceptional price opportunities are encouraged to familiarise themselves with property offers from the secondary market. Of course, new construction is also worth attention. Among the Spanish homes from the primary market, you will find luxury and very modern residential properties with access to a range of amenities.

House Amenities

Houses for sale in Spain include very attractive amenities. Check what type of equipment may be included in price of the property.

  • A terrace
  • A garden with outdoor furniture
  • Air Conditioning
  • A garage
  • A swimming Pool
  • Furnished
  • A kitchen with appliances
Spanish house interior
House in Spain - cosy and modern interior

How much do houses in Spain cost?

The growing interest in homes for sale in Spain is determined by their affordable price. It is   however worth mentioning that the property prices vary widely - it is influenced by the location of the property, its area and equipment. This means that the Spanish property market also includes cheaper single-family houses with a smaller area and luxurious, spacious houses that will certainly interest investors with a larger budget.

 

Average value of property transactions of the free housing market in Spain

  • 1st quarter 2018 145 297 €
  • 2nd quarter 2018 149 582,4 €
  • 3rd quarter 2018 152 095,1 €
  • 4th quarter 2018 153 179,7 €
  • 1st quarter 2019 152 023,4 €
  • 2nd quarter 2019 154 487,8 €

Who buys houses in Spain?

Not only native buyers invest on the Spanish property market, foreigners are also eager to allocate their savings there - it is estimated that 1 in 8 transactions in 2018 were made by a foreign buyer. The British are definitely ahead of foreign investors. However, Spanish houses for sale are also very popular among Germans, the French, Belgians and Swedes.

 

Average value of property transactions of foreigners on the open-market housing in 2nd quarter 2019 in Spain

  • New housing – 257 460,2
  • Second hand housing – 157 209,7
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