Alicante real estate remains active with steady demand
Despite a slowdown in recent months, the Alicante housing market continues to show strength and momentum. It remains one of the most dynamic markets in the country. Buyers clearly spell out their preferences and the prices they are willing to pay. When a home offers the right features at a reasonable price, the usual outcome is that it remains competitive and attractive, often selling promptly.
Recent findings from Idealista align with this outlook, highlighting Alicante as one of the provinces where a significant share of transactions occurs quickly after listing. In this market, a higher proportion of homes go under contract within a week of hitting the market, underscoring strong buyer interest and efficient turnover in the local inventory.
Foreign buyers paying a premium in Alicante
November data reveal that up to 23 percent of properties listed on the major real estate portal in the province received offers within a short window, reflecting rapid competition among buyers. This figure surpasses the national average by two percentage points and places Alicante near the top of the national rankings. It ranks as the seventh most active region in terms of speed of sale.
During November, Seville led with about 31 percent of transactions presenting offers quickly, followed by provinces such as Granada (around 30 percent), Madrid (about 30 percent), Zaragoza (roughly 27 percent), Valencia (around 25 percent), and Barcelona (approximately 24 percent).
Sales velocity and time on market
Another important takeaway is the distribution of sale timelines in the province. About 23 percent of homes sold within a week, with 9 percent changing hands between seven days and a month. Another 22 percent managed to secure a buyer in under three months.
Beyond shorter timelines, a notable share of properties stay on the market longer. Approximately 32 percent remain listed for three months to a year, while around 4 percent continue to look for a buyer a year after the listing’s debut. Typically, these longer-lag properties are apartments or houses that face overpricing, structural issues, or unfavorable locations.
The data also break down by city. In Alicante city, homes that sold within a week represent a slightly smaller share, around 20 percent, yet the proportion that closed within a month remains comparatively high at about 11 percent, according to portal statistics.
Rent market mirrors sale dynamics
The same supply constraints shaping sales are also evident in the rental sector. Demand for higher-end rentals pushes rents upward, and in November, about 18 percent of available apartments in the province found tenants within seven days.
These patterns suggest a broader trend in Alicante where strong demand, a finite housing stock, and swift decision-making by buyers and renters drive market velocity across both ownership and rental segments.
Source: Idealista market analysis for Alicante and surrounding provinces