PROVINCIA DE ALICANTE – Alicante is a very popular province among holidaymakers who love sun, sea, and beach. People who want to settle permanently also often choose this destination.
Alicante is the Spanish province with the largest number of municipalities among the most requested destinations in the country by home buyers. This popularity has led to a remarkable increase in property prices. Consequently, a local municipality now joins a select group of Spanish municipalities where the average property prices exceed €1 million.
Exclusivity in Altea
This concerns Altea, which is joining this exclusive group for the first time with an average house price of €1,000,855. The municipality is known for its detached villas with swimming pool, spacious plots and breathtaking views of the Mediterranean Sea. These features make the homes in Altea a highly sought-after choice for buyers looking for luxury and exclusivity.
The select group
The top of this list is led by Benahavís in Málaga. Here, the average house price is no less than €2.26 million. Followed by Calvià in Mallorca with €1.65 million, Marbella with €1.54 million, and Sotogrande with €1.1 million. These cities are known for their luxury real estate, attracting an affluent crowd.
634 homes over a million
Although not every home in Altea reaches these high prices, a significant percentage of the homes for sale in this municipality are above this amount. Of the 1,774 homes currently offered in Altea, 634 (36%) are priced above the million euros. The most expensive home in Altea is currently a seven-bedroom, 1,800 square metre villa in the Altea Hills urbanisation, offered for €8.5 million.
Other municipalities in Alicante with high prices
In addition to Altea, there are other municipalities in Alicante with significant average house prices, including Xàbia with €852,344, Calpe with 602,445 euros, and Dénia with €417,391. El Campello, Orihuela, and Pilar de la Horadada follow with €350,125, €297,877, and €281,240 respectively.
The affordable options
Compared to the previously mentioned cities, prices in Benidorm, Alicante, Guardamar and Elche even seem affordable, with averages ranging from €197,105 in Elche to €265,172 in Benidorm. In these cities the supply mainly consists of apartments.
These high prices reflect strong demand in much of the province of Alicante. Of the 107 municipalities with the largest search volume on the real estate portal Idealista, Alicante places the most municipalities at the top with a total of 13, more than Málaga and Barcelona.