Alicante Property Market and Real Estate Guide

(Alicante, Costa Blanca, Spain)

Coastal view of AlicanteAlicante is one of Spain's fastest-growing cities. In the past decade, it has blossomed from a typical port city to a dynamic and attractive provincial capital. It has quickly become a popular place to buy property, due in part to its position on the Costa Blanca.

The first property boom in Alicante was in the 1960s, but most of the property for sale today is a direct result of expansion in the late 1990s. Residents can buy apartments in the historic quarter (Santa Cruz) or in seaside communities like San Juan, with their own beaches on the outskirts of the port.

Property values are high, although it's not as expensive to buy an apartment or villa here as it is in the heart of the Costa Blanca. The most affordable units for sale are small, unfurnished apartments in satellite communities. Expect to pay many times more for prominent seaside villas near the city centre.

Renting Serviced Apartments

As Alicante attracts more vacationers than business travellers, most of its serviced apartments offer extensive holiday amenities. They are typically spacious units in resort communities that are fully furnished, provide full kitchens and include access to facilities like a fitness centre and a swimming pool.

Serviced apartments in Alicante compete directly with local hotels. They are generally more spacious, but feature a comparable level of service. Amenities include housekeeping services and dedicated parking spaces. The units seldom enforce stay, but room rates become competitive at stays of a week or more. Expect to save 15 to 30 percent over a standard hotel room.

Buying Apartments and Houses

Alicante's real estate boom in the 1990s left the city with a spread of brand-new property. Most of the units in Alicante are apartments that serve as weekend getaways and vacation homes for international buyers, especially those from the UK. These flats are incorporated into communities that levy modest maintenance fees.

Purpose-built villas, duplexes and townhouses are also widely available in Alicante. Most of these are brand-new properties that have never been lived in before. Stock-style apartments purchased directly from the developer are the most affordable properties. The real estate agent's fee is around five percent of the sale price, and additional fees typically bring the figure up to ten percent.

Real Estate Agents

Real estate laws in Alicante are straightforward, and there is a booming market for investors from the UK and Germany. With dozens of real estate agents operating in the area, it's easy to find bilingual service. Potential buyers would do well to shop around and let all of this competition work in their favour.

Check out the following Alicante real estate agents:

Hot Properties in Spain S.L.
Address: Avenida del Pino 120, Pinar de Campoverde, Alicante, Costa Blanca, 03191, Spain
Tel: +34 966 76 29 91
Hot Properties in Spain is a family-operated company that works with small-scale builders to offer excellent value for money in Alicante.

Su Casita International
Address: Urb. La Marina - Calle Bilbao 42-E, San Fulgenicio, Alicante, Costa Blanca, 03177, Spain
Tel: +34 966 79 00 12
Su Casita maintains a portfolio of property from across Costa Blanca, specialising in providing foreign property buyers with legal advice and bilingual support.

Giles Walker Properties
Address: Avenida Jaime 1 15, Javea, Alicante, Costa Blanca, 03730, Spain
Tel: +34 966 46 31 18
Giles Walker Properties deals mainly in seaside villas and luxury apartments on the Costa Blanca. It operates a portfolio with many holdings across the greater Alicante area.