Resilient ascent: Alicante’s home prices defy market trends

Resilient ascent: Alicante's home prices defy market trends.

Resilient ascent: Alicante's home prices defy market trends. Image: ESB Professional / Shutterstock.com.

The cost of used homes continues to rise in the province of Alicante, showing resilience despite the recent dip in demand.

Owners seem reluctant to lower their expectations, pushing the square metre closer to its historical peak during the real estate bubble years, trailing by less than 5 per cent.

In January, house prices in the province increased by 1.1 per cent, contributing to an 11 per cent year-on-year surge, aligning with the trend observed throughout the previous year, according to the latest report from the Idealista portal.

The current cost per square metre is €2,077, translating to a price tag of over €166,000 for an average 80-square-metre apartment.

This figure is merely 4.9 per cent below the peak recorded in February 2006 during the real estate boom.

In comparison to the national average, housing in Alicante became pricier by almost two percentage points (8.2 per cent), maintaining a slightly higher overall cost.

Nationally, the square metre is valued at €2,049.

Thank you for taking the time to read this article. Do remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories and remember, you can also follow us on Facebook and Instagram.

Author badge placeholder
Written by

Anna Ellis

Originally from Derbyshire, Anna has lived in the middle of nowhere on the Costa Blanca for 19 years. She is passionate about her animal family including four dogs and four horses, musicals and cooking.

Comments