The Alicante province saw strong home sales as life returned closer to normal after the health crisis last summer. Financing costs rose as Euribor climbed, yet the market remained resilient. Between July and September, activity surged to a level that outpaced the national pace, with 14,540 transactions recorded in the region. This represented a 22.4% lift compared with the same period a year earlier, well above the national average rise of 3.8% according to the Ministry of Transport, Mobility and Urban Agenda.
Seasonal peak activity remains historically high. In the summer of 2006, a period of real estate exuberance, 17,223 homes were sold. Even though August notaries sometimes slow the market, the summer sales figure this year edged just below the second quarter total of 16,243 transactions, showing sustained demand through the warm months.
For January through September, the nine-month tally reaches 44,134 houses sold in the province, a gain of 38.7% from the same period in 2021. This indicates a robust year with growing late-year momentum and a clearer sense of price stabilization in various parts of the province.
This is how housing prices changed in Alicante last year
Foreign buyers continue to influence activity. The international market contributed significantly to the volume, especially in the third quarter, when roughly 7,700 transactions were registered. About 53% of total provincewide activity involved non-residents purchasing second homes, a substantial portion of which catered to a foreign audience looking for vacation properties or investment opportunities. A large share of these purchases came without the need for local financing, underscoring the appeal of Alicante for international buyers.
A considerable portion of these transactions involved foreign buyers who arrived in large numbers from other Spanish regions, reflecting a broader shift in demand patterns. Among non-residents, residents from Madrid and other provinces increased their presence, although the growth rate for these transfers showed some moderation compared with the peak periods. The international segment is a testament to the region’s appeal as a stable and attractive real estate destination even as financing costs rise.
Photo captions aside, the market also features a strong domestic component given the rate sensitivity of local buyers. Many transactions are driven by households that are willing to adjust their plans in response to mortgage terms, signaling a practical approach to homeownership amid fluctuating rates.
This elevated international interest helps offset some of the caution among domestic buyers, reinforcing overall market resilience. The cross-regional movements show that the province remains a natural magnet for those seeking second homes and investment properties across the coast.
Municipalities
With population-based distribution in mind, Torrevieja continues to stand out as a leading real estate market in the province, supported by rising domestic demand and affordability relative to bigger cities. Salinas del Segura posted a notable summer gain, with 2,030 homes sold, marking a 52% increase versus 2021. Inland demand remains highly sensitive to interest rates, shaping where buyers choose to settle.
Orihuela added 1,284 transactions, up 15.5% from last year, followed by Elche with 850 deals, up about 5%. Santa Pola reported 699 sales, a jump of 61.4%, while Benidorm rose by 52% to 627 homes sold, highlighting the varied pace of growth across coastal and inland communities.
In terms of housing type, the vast majority of transactions involved existing homes, totaling 12,856 units for the summer period, up 26.3% year over year. New builds remained at a minority, with 1,336 units, down roughly 5% from the prior year. The inventory constraints persisted, with many development projects selling out early and leaving scant supply in the market.
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The market’s trajectory for the remainder of the year remains uncertain yet hopeful. Industry professionals say demand persists, but some buyers are beginning to recalibrate as rising Euribor prices stretch affordability. Buyers are reassessing whether their income supports the dream home, prompting shifts toward more affordable apartments or delaying purchases until financing conditions stabilize.