Alicante Emerges as a Top Luxury Real Estate Destination in Spain

Despite Balearic Islands, Madrid, Barcelona and Costa del Sol, Alicante is emerging as a new destination for the wealthiest buyers. It benefits from good connections and relatively more affordable prices, plus a mountainous terrain that offers magnificent views. These features help explain a notable rise in transactions valued at over one and a half million euros in the region.

This trend is noted in an appraiser’s report by Teknitazin, which places Alicante among the emerging markets in this segment of the real estate market. José Joaquín Gómez Campos, the company representative in Alicante, notes that the number of such high-level transactions has risen 25 percent in the last three years. The overall indicators in the region suggest continued growth ahead.

Gómez Campos explains that a decade ago such large operations were extraordinary. Now, Alicante has seen considerable expansion in recent years for several reasons common to many Spanish destinations, including security, a high quality of life, and favourable air connections. Prices here still run below those seen in the Balearic Islands or the Costa del Sol, making Alicante an attractive option for buyers seeking value without sacrificing accessibility.

A luxury house in the province of Alicante. Information

According to Gómez Campos, the region’s rugged, mountainous terrain is a compelling selling point for luxury homes, enabling strong demand in this niche.

Price

What is the price range for these properties in the province? The appraisal distinguishes several tiers: premium homes priced between 1.5 and 3 million euros, luxury homes from 3 to 10 million, and a super-luxury tier above that amount.

In the premium segment, the average price per square meter is about 3,913 euros, with an average property value around 2,016,716 euros. The cost per square meter in Alicante city sits at roughly 5,085 euros for homes at this level.

When considering total house prices, some markets stand out. Xabia shows an average property value around 2,666,278 euros, partly because larger homes are more common there and the overall size of properties is larger in smaller towns compared with major cities where apartments dominate the market.

Real estate blackout in Alicante is already affecting foreign buyers

In terms of northern markets within this segment, the average price for properties evaluated by Tecnitasa in this category reaches around 2,298,159 euros, with an average of 4,835 euros per square meter. Teulada records about 2,095,254 euros and 4,686 euros per meter, while Calp sits near 2,015,861 euros and 4,980 euros per meter.

Conversely, the towns with the most affordable premium homes appear in Altea, with an average of 1,522,788 euros per house or 2,708 euros per meter, and El Campello at about 1,530,066 euros per house or 4,447 euros per meter.

More than three million

For the upper tier, those properties valued at at least three million euros stand out in just a few markets in Spain. Altea records an average around 4,803,249 euros; Xabia 4,680,285 euros; Teulada 3,464,654 euros; and Denia about 3,021,132 euros. At present, this province does not reach the super-luxury category above 10 million euros, unlike several towns in the Balearic Islands, Catalonia, or the Costa del Sol.

Prices of luxury houses are over 3 million. Teknitaz

Regarding the profile of the luxury home investor in Spain, Tecnitasa notes a strong European presence, with buyers from Germany, the United Kingdom, Sweden, and Switzerland. American buyers are increasingly active, along with investors from Mexico and Venezuela. Typically, investors are aged 40 to 60, occupy high-ranking positions, and seek a home for family holidays and yearlong use through rental arrangements in their home country.