Alicante accounts for 11.2 per cent of Spanish homes worth over a million euros, putting it on a par with luxury markets such as the Balearic Islands, Malaga, Madrid and Barcelona. The region's appeal stems from its picturesque coastal scenery, mild Mediterranean climate and first-class amenities.
This growing interest in luxury property in Alicante is due to a number of key factors that attract affluent individuals looking for premium accommodation. Firstly, the city's unique geographical location provides unspoilt beaches and a mild climate all year round, which is a definite advantage for those seeking a luxury lifestyle in a coastal city. Alicante is also home to some of the most renowned golf courses in Europe, increasing its appeal as an ideal holiday destination.
Alicante's infrastructure is also perfectly suited to the demands of luxury living: high quality medical facilities, international schools and convenient transport links provide easy access to major European cities. These advantages make Alicante not only a holiday destination, but also a desirable place to live permanently.
The local government's policy of supporting property development also plays an important role in the development of this sector. The measures it has initiated to improve security, landscaping and cultural activities further enhance the living environment, making Alicante an increasingly attractive option for discerning property buyers.
Property in Alicante - Market Offers
The charm of cities such as Alicante, Benidorm and Altea lies in the harmonious combination of natural beauty and comfort. These places are known for their breathtaking seascapes and modern architecture, as well as their proximity to the best golf courses and yacht harbours in Spain. All of this contributes to the growing popularity of luxury property and makes these cities attractive to the most discerning buyers.
Housing in these areas is ideal for those who prefer to combine active holidays with luxury. Residents can start their day on the green expanse of the nearby golf course and spend the second half of the day enjoying yacht cruises at the local marina, which is set against the backdrop of the picturesque Mediterranean Sea. What's more, these properties are conveniently located to provide easy access to city amenities, creating the perfect blend of tranquil coastal living and a vibrant urban pace.
Ultra-Luxury Property Segment
Spain's luxury property market includes a segment of properties worth over three million euros, which has a small market share but is of great importance. Alicante has established itself as a key player in this exclusive segment. The city's success in the luxury property market is testament to its growing appeal to wealthy buyers who value unique property investment opportunities.
Luxury properties in Alicante are characterised by extensive grounds, superior construction quality and personalised amenities. These residences offer the highest standard of living, including private pools, spacious terraces and state-of-the-art security systems. The growing demand for luxury homes emphasises Alicante's reputation as a popular destination for those seeking privacy, luxury and exclusivity in one of the most beautiful parts of Spain.
With the Spanish luxury property market expanding and prices in some regions increasing by an average of 7.7% over the last year, Alicante is well placed to capitalise on this trend. Its growing reputation as a great place for luxury living and competitive prices make it a rising star in the Spanish property market.
Premium Property Segment
We are talking about properties from 1 million euros. There are quite a lot of them in Alicante. Moreover, there is an opportunity to buy a villa at the construction stage and on the secondary market. If you invest in the construction, you can save up to 30% of the cost. It is most profitable to buy housing at the excavation stage.
On the market, mostly villas in this price segment, but you can find penthouses from 150 square metres, which are located in elite residential complexes.
The annual yield of such property is about 10%. External factors practically do not affect this indicator, so investments in the premium segment always pay off.
Medium And Low-Cost Price Segment
There are plenty of such properties throughout Spain, but it is in Alicante that they sell very quickly. This is due to the fact that this region has a huge investment potential. So, if you also want to buy a home in Alicante, but are limited in budget (you have from 120 000 euros), then contact the manager. He will make for you an actual selection of objects taking into account your wishes and financial possibilities.
Will Property Prices Rise in Alicante in 2025?
Property prices in Alicante are likely to increase in 2025 due to strong demand and favourable economic conditions.
According to our detailed market analysis, Alicante remains attractive to local and foreign investors.
Whilst there are some economic challenges, such as inflation and potential interest rate changes, the key factors driving price growth in Alicante remain significant.
The region's appeal as a tourist destination and a place to live comfortably continues to attract buyers, ensuring that demand remains strong.
What Makes The Alicante Property Prices
- Alicante's popularity as a tourist destination is expected to grow, leading to an increase in demand for holiday homes and rental properties, which is likely to lead to an increase in property prices.
- The continued development of infrastructure projects, such as improved transport links and infrastructure, is set to increase the attractiveness of the region, potentially boosting property values.
- Alicante's climate and lifestyle continue to attract retirees and expatriates, contributing to a steady demand for property in the area.
- The limited availability of land for new-build developments in prestigious areas of Alicante is likely to limit supply, leading to an increase in property prices as demand remains strong.
- Alicante's growing reputation as a centre for digital nomads and remote workers is expected to increase demand for residential property, particularly in urban areas.
Only the following factors can play against price growth:
- Economic uncertainty, such as possible interest rate fluctuations, could affect buyer confidence and reduce demand for property.
- Rising inflation and cost of living may affect the purchasing power of potential buyers, especially those with middle incomes.
- Any significant changes in government policies or regulations affecting property ownership or taxation could potentially dampen investor interest in the region.
If you want to buy a flat or a house in Alicante, contact our manager in any convenient way. He is ready to advise you and help you to find a property tailored to your interests.
