Spain has long been the home of ownership and, for many families, a cornerstone of their wealth. Yet questions remain about how much value sits in Spanish brick and mortar. How much is the housing stock worth in a market like Alicante? This is the central question raised by Idealista, a portal that estimates the hypothetical value of the entire national real estate pool if it were released. As expected, Alicante holds a prominent position in that ranking.
In the study, the value of the existing housing stock across the province is estimated at 225,073 million euros, ranking it among the top regions in the country, just behind Madrid. The national estate portfolio is projected at 802,480 million euros, with Barcelona close behind at over 601,000 million euros, and Malaga following with around 248,000 million euros.
Lack of stock drives construction of new homes in Alicante in Q1
The analysis paints a picture of accumulated wealth in real estate across the countryside, the Balearic Islands, and the coast. The theoretical value of the existing housing stock in the country amounts to 208,000 million euros for Valencia, 199,313 million for the Basque Country, and 133,000 million for Biscay. Taken together, Spain’s real estate assets would total about 4.5 trillion euros. This figure helps illustrate the scale of housing wealth in the economy, a figure that also ties into national GDP when considered alongside other indicators.
In the Alicante region, the 225,073 million euros of housing wealth sit as a sizable portion of regional assets, underscoring the long-standing influence of construction on the local economy. The province is characterized by a large volume of second homes, especially along coastal towns, which has historically served as a major engine of growth and employment in the area.
In the view from Benidorm, the density of housing wealth is clear. The cityscape reflects a market where property values are shaped by coastal demand, tourism cycles, and regional planning decisions. The study notes that the total value of real estate in Alicante reflects a substantial portion of the region’s annual economic activity, with construction and related services sustaining jobs and income across multiple sectors.
Regarding Alicante specifically, the 225,073 million euros of housing wealth are described as six times the annual economic output of the region, which was roughly 37,000 million euros before the pandemic. This illustrates how capital in property often dwarfs yearly production, highlighting the weight of construction, development, and real estate as a structural pillar of the local economy.
Rent
On the rent front, Idealista calculated what it would take to lease the entire national real estate park at current price levels. The monthly outlay would be around 21,000 million euros to rent all existing homes in Spain. For Alicante, the monthly rental income would rise to about 1,040 million euros, reflecting strong demand and pricing in coastal markets where rental opportunities are concentrated.
In the study, these figures are broken down by provincial capitals. The total real estate assets in Alicante are estimated at 32,779 million euros, and if the entire stock were rented simultaneously, the monthly rent could reach around 156 million euros. This snapshot underscores the potential income streams tied to housing portfolios and how market dynamics influence both investment value and cash flow for property owners and municipalities.