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The housing rental prices in Alicante have surged beyond typical levels, according to a national survey. It shows a notable annual rise of 17.9 percent, reaching 10.59 euros per square metre, making this one of the provinces with the sharpest increases. Only the Balearic Islands, Santa Cruz de Tenerife, Las Palmas, and Tarragona posted larger gains. Orihuela and Benidorm stand out as leading municipalities driving the rise not just in Alicante but across the Valencian Community, as reported by major property portals and professionals in the market [Source: Fotocasa report].

Limited supply is pushing Alicante’s rental market toward record highs. A Fotocasa study notes that while prices dipped slightly by 1.9 percent in July, the year-over-year increase remained at 1.9 percent, underscoring persistent pressure. The price per square metre holds at 10.59 euros despite the minor monthly adjustment [Source: Fotocasa report].

The region-wide overview places the Balearic Islands at the top for price growth, with a 30.1 percent increase and an average of 17.7 euros per square metre. Santa Cruz de Tenerife follows with about 19.5 percent growth to 12.12 euros, while Las Palmas records a 19.4 percent rise to 13.47 euros. Tarragona shows an 18.1 percent increase at 10.17 euros per square metre [Source: Fotocasa report].

On the opposite side of the spectrum, a few provinces have seen price declines. Albacete fell 2.3 percent to 6.82 euros per square metre; Palencia dropped 4.2 percent to 6.45 euros; Álava down 6.3 percent to 11.25 euros; Huelva down 10.3 percent to 10.85 euros; and Cuenca decreased by 10.8 percent to 6.68 euros [Source: Fotocasa report].

Across the nation, the average price increase sits at 3.4 percent, a figure notably lower than Alicante’s rise. The national average price per square metre stands at 11.59 euros, higher than Alicante on a per-metre basis but not by a wide margin when viewed from a national perspective [Source: Fotocasa report].

Looking at the provinces where rental prices are currently most expensive, Barcelona leads at 17.45 euros per square metre, followed by Madrid at 17.02 euros, the Balearic Islands at 17.17, Gipuzkoa at 16.67, Vizcaya at 13.99, Las Palmas at 13.47, and Málaga at 13.07. Alicante ranks sixteenth among these cities, with Cuenca, Badajoz, Zamora, Cáceres, and Ciudad Real trailing in cost per square metre [Source: Fotocasa report].

A house for rent in the municipality of Santa Pola. AXEL ALVAREZ

Within the Valencian Community, Alicante registered the largest increase, at 15.2 percent, with rents averaging 12.29 euros per square metre. In Castellón, prices rose 7.2 percent to 8.16 euros per square metre [Source: Fotocasa report].

Among the analyzed municipalities within the community, rental costs have risen year over year in most areas. Orihuela leads with a 33.4 percent jump to 9.55 euros per square metre, followed by Benidorm at 33.1 percent to 17.49 euros. Burjassot comes in at 27.8 percent to 9.94 euros, Alicante at 23.8 percent to 12.70 euros, and Valencia at 21.6 percent to 13.48 euros. Elche shows a 16.8 percent rise to 7.79 euros, Castellón up 13.8 percent to 7.66 euros, and El Campello up 8.8 percent to 12.60 euros [Source: Fotocasa report].

Within the community, the most expensive municipality is Alboraya, near Valencia, at 17.76 euros per square metre, followed by Benidorm at 17.49 euros. Santa Pola sits at 14.48 euros, with Calp at 3.42 euros per square metre noted as a lower price point [Source: Fotocasa report].

One in five houses in Alicante are vacant despite high rent demand

Behind Alicante’s steep rent increases lies a persistent shortage of supply. Real estate professionals and agencies, including Abaco and Casamayor, confirm that pricing climbs are most pronounced in tourist-heavy coastal areas. The Alicante College of Realtors (Coapi) also links the surge to a market with fewer listings and ongoing legal uncertainties for landlords who worry about defaults.

In a surprising twist, the province faces a vacancy issue even as demand remains strong. The National Statistics Institute (INE) reports about 209,000 vacant properties nationwide, attributed to needed renovations and lingering insecurity among homeowners. This paradox highlights the tension between demand for rental housing and the availability of ready-to-rent homes in Alicante and beyond [Source: INE data; industry reports].

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