Alicante faces mixed signals in its housing market. Latest data from major property portals this week show a modest dip in the price per square meter, marking a pause after a strong run. The October decrease is small and may not erase the yearlong gains, with prices still higher than a year ago by a double-digit margin. Market watchers will see if prices resume their climb or if buyers gain more leverage as autumn data accumulate.
Sales activity appears to slow, which could hint at more declines in the coming months. However, limited housing supply continues to pressure prices upward for buyers, a tension that kept prices rising until the month just passed.
In October, the trend shifted away from a rapid rise. On average, occupied housing cost per square meter fell 0.1% from the peak reached in September, landing at 2,040 euros. Yet year over year, prices are up about 11.2%, preserving the broad upward trajectory since last year. The shift in momentum is not uniform across cities; some municipalities show different patterns.
In the city of Alicante, house prices edged up 1% in October, reaching 1,859 euros per square meter, with a year-over-year increase of 15.1%. Nearby Alcoy posted a monthly rise of 0.9% and a 7.4% annual gain. Benidorm saw prices climb to 2,477 euros, up 1.3% for the month and 12.4% year over year. In Sant Joan, prices continued to climb—monthly gains of 4.8% and an annual increase of 21.9%—bringing the average to 1,964 euros. These variations reflect local demand and supply dynamics as summer vacancy fades and seasonal buying patterns resume their course.
Meanwhile, other large municipalities saw a different picture. Orihuela registered a 0.5% monthly decrease, with prices at 2,171 euros per square meter, though annual prices still exceed last year by about 6.5%. Nearby Torrevieja rose slightly to 1,803 euros, reducing its annual uptick to 15.5% and placing the October average around 1,268 euros in Elche, where values dipped 0.2% month over month but still carry an annual gain of about 11.9%.
Idealista notes that October marked the province’s first monthly price decline since September 2021. Similar signals from other major portals suggest the brakes have begun to apply more broadly. A recent report from another portal indicates an overall 1.1% drop in October, with the province averaging 1,930 euros per square meter. Despite the dip, year-over-year gains remain positive, around 10.6% in that dataset.
Housing activity in Alicante also faces shifts on the rental side. Real estate agents point to a tighter rental market after a new law, with reports suggesting a noticeable reduction in available rental supply. Although the city’s average resale price managed a modest recovery in October, the year-end figures still reflect a double-digit increase in the rental value, consistent with broader regional trends.
Looking at the broader Valencian Community, October prices for the region show a slight cooling, with the regional average dipping about 0.5%. The cooling helps cap the annual per-square-meter increase at around 8.6% after last year’s stronger gains. Across the province, the data indicate a mixed but resilient market: pockets of strength persist in urban cores while some peripheral areas see softer levels month to month. (Source: Idealista) (Source: Fotocasa) (Source: other major portals) These sources reflect ongoing dynamics between demand, supply, and regulatory changes affecting both sale and rental markets.
Overall, indicators suggest a market that remains attractive to sellers in several municipalities while buyers experience increasing options but still face elevated price levels. Analysts emphasize that interest rates, local job markets, and seasonal demand will continue to shape price behavior in the coming months. The Alicante market shows resilience with regional variations that demand attentive, place-specific analysis for anyone considering purchase or rental decisions.
Real estate professionals note rental market tightening in Alicante following new regulations
In parallel, rental prices in Alicante have shown tenacity even as overall price growth cools. The latest observations indicate that the city escaped the province-wide downturn, posting a modest October uptick and a continued above-inflation annual rise. Industry observers point to tighter rental supply as a key factor sustaining rents despite broader price moderation. (Source: local property portals) (Source: regional housing reports)
Across the Valencian Community, the overall trend displays a softer trajectory in October, with prices retreating slightly on average. This moderation helps temper year-over-year growth and may signal a balance returning to the market as inventory levels respond to demand. (Source: Valencian housing data) (Source: market analysts)