The rental price of the house in Alicante is out of control. This comes out in a national survey and concludes: This was the fifth province with the most significant annual increase of 17.9 percent, amounting to 10.59 euros per square metre. Only the Balearic Islands, Santa Cruz de Tenerife, Las Palmas and Tarragona recorded larger increases. Orihuela and Benidorm are the municipalities leading the increase, not only in Alicante but also in the entire Valencian Community.
Lack of supply is pushing the rental housing market in the state of Alicante to unprecedented limits. A report prepared by the real estate portal Fotocasa, which states that despite the slight 1.9% decrease in prices in July, the annual increase was 1.9%, which proves this once again. 18 percent limit, The square meter price remains at 10.59 euros.
The national region leading the price increases is the Balearic IslandsWith an increase of 30.1%, the cost per square meter reached 17.7 euros. It is followed by Santa Cruz de Tenerife with 12.12 euros, up 19.5%; Las Palmas with 19.4% and 13.47 euros; and Tarragona with 18.1% and 10.17 euros.
In the queue are the only provinces in all national territories where prices have fallen. Specifically, Albacete’s cost is down 2.3% to stay at 6.82 euros; Palencia with -4.2% and 6.45 euros; Álava -6.3% and 11.25 euros; Huelva with -10.3% and 10.85 euros; and Cuenca -10.8% and 6.68 euros.
When all these figures are taken into account, the average increase at the national level was 3.4%.A much lower percentage than registered in Alicante. Yes, the price per square meter for the whole of Spain is higher than the price of the province and remains at 11.59 euros.
Looking at the provinces where the rental price is more expensive at the moment; Barcelona is in first place with 17.45 euros, followed by Madrid with 17.02 euros.; Balearic Islands by 17.17; Guipúzcoa with 16.67; Vizcaya with 13.99; Las Palmas 13.47; and Malaga, with 13.07. Alicante is in 16th place in this classification. Cuenca at 6.68 euros below; Badajoz with 6.64 points; Zamora with 6.44; Cáceres with 6.05 points; and Ciudad Real with 5.51.
Alicante, on the other hand, was the province of the Commonwealth of Valencia where the price increased the most.In Valencia the increase was 15.2% at 12.29 euros per square meter, while in Castellón it was 7.2% at 8.16 euros per square meter.
Within the autonomous community, rental housing prices increased in most of the analyzed municipalities compared to the previous year. Orihuela tops the list with an increase of no less than 33.4% stays at 9.55 euros per square meter; It is followed by Benidorm, the tourism capital of Costa Blanca, with 33.1% and 17.49 euros. Next comes the Valencian municipality of Burjassot with 27.8% and 9.94 euros; Alicante with 23.8% and 12.70 euros; and Valencia with 21.6% and 13.48 euros. Elche also stands out with a 16.8% increase and 7.79 euros; Castellón with 13.8% and 7.66 euros; and El Campello with 8.8% and 12.60 euros.
The municipality where the rental price of the community is more expensive is Alboraya, near Valencia, with 17.76 euros per square meter, followed by Benidorm with 17.49 euros. Also noteworthy is 14.48 in Santa Pola or 3.42 in Calp.
Behind the strong increase recorded in the province of Alicante, as mentioned earlier, is the shortage of supply. This is also confirmed by people in charge of real estate agents such as Abaco or Casamayor. First of all, prices increase in regions with greater tourist pressure.all on the beach.
Also from the Alicante College of Realtors (Coapi) this unprecedented increase is linked to several homes on the market; this relates to the legal uncertainty of landlords who say they feel vulnerable in the event of default.
In fact, there is a paradox that this supply shortage occurs in the context of: One of the five houses in the province is empty. According to figures released by the National Institute of Statistics (INE), there are currently 209,000 vacant properties, attributed to the need for reform as well as insecurity.