The evolution of the housing price in Alicante in the last year per m² in the neighborhoods of Alicante: Benalúa, Alipark, La Florida, Babel and San Gabriel.
Discover the evolution of the prices of Altozano, Carolinas and Campoamor October-2023 October-2024
The annual variation is presented from October 2023 to October 2024, based on residential supply data from the real estate market. The information in this article has been obtained from various sources such as real estate portals (Idealista or Fotocasa), as well as from Spanish government sources.
- Alipark
- Average price: €2,050/m² in September 2024.
- Annual variation: 41,70%.
- Historical high: €2,068/m² in October 2011, with a slight drop of 0,90% from the historical maximum.
- Alicante housing demand: Alipark is a booming neighbourhood due to its proximity to the centre of Alicante, where the Palace of Justice is also being built. There are also plans to bury the train tracks, turning that space into green areas, which has attracted the attention of both local residents and second-home buyers.
- Babel
- Average price: €1,982/m² in September 2024.
- Annual variation: 17,20%.
- Historical high: €2,019/m² in July 2024.
- Alicante housing demand: The concentration of apartments in residential areas with swimming pools, combined with the fact that they were built recently compared to the housing stock in Alicante and good transport connections, has boosted the growth of residential demand in Babel.
- benalua
- Average price: €2,500/m² in September 2024.
- Annual variation: 23,60%.
- Historical high: It remains stable at a maximum of €2,500/m².
- Alicante housing demand: Benalúa is characterized by its accessibility to the city center and proximity to the beaches. Currently, high-quality buildings are being built in the area, which is undoubtedly attracting the attention of buyers with higher purchasing power.
- The Palm Grove-Urbanova-Tabarca
- Average price: €2,584/m² in September 2024.
- Annual variation: 27,70%.
- Historical high: €2,591/m² reached in August 2024.
- Alicante housing demand: This sector is popular for its proximity to the sea, generating an active market for second homes and tourism.
- Florida
- Average price: €1,889/m² in September 2024.
- Annual variation: 25,20%.
- Historical high: It reached €1,907/m² in July 2024.
- Alicante housing demand: With a varied residential profile, La Florida is experiencing growth in 2 and 3-bedroom apartments, attracted by its accessibility and local services.
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Increase in registrations in Alicante by neighbourhood
The number of registered residents in Alicante has shown significant growth in several neighbourhoods, which affects the evolution of the price in the last year per m² in the Alicante neighbourhoods Benalúa, Alipark, La Florida, Babel and San Gabriel, especially in areas close to services and public transport, such as Alipark and Benalúa. An annual increase in the number of new residents has been observed since 2023, with an average increase between 8-12% in central neighborhoods like Benalúa and the 5-8% in coastal areas such as El Palmeral.
Most of these new registered residents come from immigration from countries in the European Union and Latin America, with notable nationalities from French, British and Argentines.
Increase in tourism in Alicante
During the past year, tourism in Alicante has grown a 15% compared to 2023, reaching around 2,5 million tourists in 2024. This increase in tourism in Alicante It has been driven mainly by sun and beach tourism, with a notable influx of tourists from the United Kingdom and Germany, representing 60% of international visits.
El tourism in Alicante It is certainly another factor that affects the Evolution of housing prices by neighborhood in the last year per m² in the Alicante neighborhoods of Benalúa, Alipark, La Florida, Babel and San Gabriel.
Comparison with other Spanish cities
- Madrid: The price of housing in Madrid has increased by around 7% per year in neighborhoods such as Chamberí and Salamanca, while registrations have grown by 3-5%, with a strong influx of Latin American and European residents.
- Valencia: It shows a growth in price per m² around 11% in areas such as Ruzafa and Ciutat Vella, and tourism has grown by 12%, driven by its cultural and gastronomic appeal.
- Barcelona: Prices have increased by 9% in central neighborhoods such as Eixample. Tourism has shown a post-pandemic recovery of 18%, with a high influx of American tourists.
- Malaga: The city is experiencing a significant increase in demand for housing with an increase in 14% in the annual price in neighborhoods such as Limonar. Tourism in Malaga has grown by 20% in 2024, with special appeal for visitors from northern Europe.
This analysis reflects the real estate evolution in Alicante, showing a stable increase in prices, registrations and tourism, compared to other Spanish cities, where annual variations also stand out, although with specific dynamics of each region, which shows that there are Investment opportunities in Alicante.
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