Spain stands as a nation with a long tradition of home ownership, and housing remains the main savings mechanism for many families, anchoring a significant portion of household wealth. Yet questions persist: how much wealth resides in Spanish brick homes, and what is the total value of housing in a country like Alicante?
These questions are explored by Idealista, which estimates the hypothetical value of the entire national real estate stock should it all be released into the market. Alicante emerges as a key player in this landscape, reflecting strong demand and substantial asset value in the region.
According to the study, the current stock in Alicante province is valued at 225,073 million euros, placing it among the top locales in the country. The national estate portfolio is estimated at 802,480 million euros, with Barcelona close behind at over 601,000 million euros, and Malaga following with around 248,000 million euros.
Lack of stock in other areas appears to be a factor that drives construction and investment activity, and Alicante is no exception. The wealth tied up in residential property in the countryside, the Balearics, and other regions translates into notable estimates for each area. The value of the entire housing stock across Spain is projected at about 4.5 trillion euros. To put that scale in perspective, housing wealth in the country runs well beyond the annual GDP, underscoring the intrinsic role of property in the economy.
Aerial views of the country show Benidorm and other coastal towns as emblematic of this dynamic. In Alicante, the 225,073 million euros held in bricks reflect a volume of wealth roughly six times the annual regional output, which pre-pandemic was around 37,000 million euros. The region has long depended on construction and a large share of second homes, elements that remain central to its economic engine.
Lack of stock drives construction of new homes in Alicante in Q1
Meanwhile, Idealista also estimates potential income from renting the entire existing housing stock. At current price levels, renting the entire national real estate portfolio would yield about 21,000 million euros per month. In the specific case of Alicante, theoretical monthly rental income would rise to roughly 1,040 million euros.
The study also breaks down these figures by provincial capitals. For Alicante, total accumulated real estate assets are estimated at 32 billion 779 million euros, and if every property were rented simultaneously, the monthly income could reach around 156 million euros.
The numbers illustrate how housing wealth interacts with regional economies, especially in coastal communities where property values and rental demand are tightly linked to tourism, migration, and local development. They also highlight how inventory levels influence construction cycles, home prices, and rental markets across the country.