The increase in housing prices reached all segments, including luxury residences. This is evident from a report by real estate company Engel & Völkers, which found that the most notable increases of over 10% in the state of Alicante last year were also recorded in the Marina Alta area. As in certain parts of Benidorm. The municipalities of Xàbia and Moraira lead the ranking of the most expensive houses, with prices of up to 6,875 euros per square meter.or although it is followed by Alicante and Benidorm itself at a short distance.
Benidorm remains one of the most in demand areas of the Alicante coast, according to research, Playa de Poniente is the most special, a 3.2% increase in prices has been recorded and these prices have served to reach their maximum level of 6,000 Euros. As a result, the biggest increases were concentrated in Playa de Levante, where the maximum cost was EUR 5,000 after an increase of 14%. In these areas the apartment is star house, while in Finestrat, La Nucía and El Albir the most requested are second home chalets.
Also in towns like Moraira, Benissa and Calp in Marina Alta and Altea in Marina Baixa, double-digit increases recorded. Apart from the center of Calp, where 120 square meters of apartments are preferred, chalets are the most demanded type in all these municipalities. The largest residences are in Benissa, on a plot of 500 square meters and 10,000, and in Altea, 350 square meters of houses with pools and gardens are preferred.
In this region, where Xàbia is also located, High presence of foreign buyers such as German, Belgian, Dutch, Swiss, Czech, British and French.
In Alicante, too, prices increased in all areas except Vistahermosa, where there was a slight decline, and Cabo de las Huertas, Alicante Golf and La Font, where they remained unchanged. El Campello experienced one of the most significant increases at 7%, followed by Playa de San Juan with 2%. The same increase in prices was also recorded in the old city of Alicante, with a maximum of 6,618 euros per square meter.
In Torrevieja, increases have also been the general trend, with international customers being responsible for almost all operations.
Double digit increase in rents in Alicante
The city of Alicante has not been immune to the tightening of rental prices for luxury homes, posting double-digit increases in the most demanded areas. This is the case of Playa de San Juan, where it grew 27% and remains the most expensive area to rent. There were also increases of up to 35% in Cabo de las Huertas and up to 39% in Alicante Golf.