Despite efforts from administrations, Spain remains a nation of homeowners. It houses the main savings mechanism for many families and, in a sense, its greatest legacy. Yet the question stands: how much wealth sits in Spanish brick? What is the total value of all homes in a country like Alicante?
This question is raised by the Idealista portal, which estimates the hypothetical value of the entire national real estate stock if it were released onto the market. As expected, Alicante holds a significant position in that ranking, underscoring the region’s strong housing market.
According to the study, the value of the existing housing stock in the province reaches 225,073 million euros, ranking fourth nationwide just behind Madrid. The overall estate park is estimated at 802,480 million euros, with Barcelona following at over 601,000 million euros, and Malaga at about 248,000 million euros.
Lack of stock drives construction of new homes in Alicante in Q1
Thus the accumulated wealth in rural and urban homes, along with the theoretical value of the existing stock, reaches 208,000 million euros for Valencia, 199,313 million for the Basque Country, and 133,000 million for Biscay.
In total, Spain’s real estate assets are projected to reach 4.5 trillion euros. To grasp the scale, this wealth in housing triples the national GDP, a figure around 1.4 million euros of economic output per person.
In Alicante, the 225,073 million euros held in bricks reflects a value six times the annual regional wealth production, estimated at about 37,000 million before the pandemic. The region has long depended on construction and a large stock of second homes in coastal towns, fueling local economic activity.
Lack of stock drives construction of new homes in Alicante in Q1
On the other hand, Idealista also calculated how much income would be generated if all existing houses were rented. With current price levels, renting the entire Spanish real estate stock would require about 21,000 million euros per month.
For Alicante, the theoretical monthly rental income would rise to around 1,040 million euros.
The study provides these figures by provincial capitals as well. In Alicante, the total real estate assets amount to 32,779 million euros, and if everything were rented at once, it would total about 156 million euros per month.