The Alicante real estate market is promising both for those wishing to purchase housing for holidays and permanent residence, and for successful investment. Thanks to its location on the Mediterranean coast, developed infrastructure, and wonderful mild climate, Alicante annually attracts tens of thousands of tourists from around the world. Many of them like the city so much that the question of buying property in Alicante is not postponed for long.
The combination of a vibrant culture, high quality of life and Mediterranean charm suggests that the local real estate market is set to experience significant growth in 2024. A large selection of properties, their location both in the old part of the city and in new residential areas makes it possible for buyers to purchase housing that suits their plans and finances.
Apartments and individual houses located on the first line from the sea are especially in demand. It is also important to have panoramic views of the seascapes opening from the windows of the house or from the surrounding area. Such housing has all the characteristics that any buyer dreams of: proximity to the beaches, a range of amenities and locations designed for recreation and various sports property in Alicante a special value.
Factors influencing the growth of demand for real estate in Alicante in 2024
One of the main factors is housing being great value for money. After all, the cost of property in Alicante is significantly lower than similar properties located in major cities of Spain and on other popular coasts, and according to experts, this trend will continue in 2024. The city’s infrastructure is constantly improving, transport networks are developing, and the number of retail, food and entertainment facilities is growing.
The following areas are promising:
- Housing construction taking into account global trends in growing demand for environmentally friendly properties. Many buyers today are looking for properties in the construction of which “green technologies” are used, energy efficiency is taken into account, and alternative energy sources are used. The same approaches are practiced when reconstructing old buildings.
- Variety of offers. The property in Alicante traditionally features apartments, townhouses and villas with different characteristics. However, today other unique types of real estate are in demand, such as shared housing and apartments for remote work. Alicante developers are gradually developing niche markets that are not occupied in other regions of the country, which has a positive effect on demand.
- Investment in property in Alicante. In 2024, the influx of tourists from around the world will continue to grow, which will provide guaranteed income to owners of various properties received from rentals. You should also consider the possibility of obtaining a Golden Visa when investing in Spanish real estate for an amount equal to or exceeding €500,000. Golden Visa holders are given the opportunity to obtain a residence permit and many other benefits. This is a serious and promising argument in favor of making capital investments in local real estate
- The Spanish authorities are interested in the influx of capital into the country, including investment in property in Alicante. Therefore, the process of purchasing a home is adapted as much as possible to the needs of foreign clients: it provides the opportunity to obtain complete information about the market and the properties presented on it. Mortgage options greatly help in purchasing decisions. Real estate agencies provide a wide range of services for successful transactions. This policy makes the local real estate market increasingly open and interesting for capital investments.
All these factors guarantee the steady growth of the property market in Alicante, combining innovation and tradition. The beautiful seaside city has all the conditions for recreation, doing business and permanent residence. The warm climate, clean sand and gentle sea here harmoniously fit into the modern urban landscape, and owners of property in Alicante become more and more convinced of it being the right decision to purchase housing here.
