Properties for sale in Alicante (province)

Property in Alicante

The province offers great investment opportunities for foreigners when they purchase real estate in Alicante. Not only can you earn rental income, but you can also obtain a residence permit and move to Spain with your family. The province's price rose by 6.82% in 2023, and the cost in the province itself increased by 15.1%, confirming the interest in the region from foreign residents. Our aggregator provides 24/7 access to vendors' listings, so you can find the perfect housing for various purposes like

• Relocating alone or with family;
• Business activities in IT, tourism or other fields;
• Exciting and varied holidays with the opportunity to live in your own apartment or villa rather than a hotel room;
• Capital growth through resale - investors tend to choose developments under construction, where the initial cost increases by at least 20% once the property is up and running;
• Rental - the amount of passive income is determined by the popularity of the resort, the characteristics and the availability of additional options in the complex (pool, parking, 24/7 security, children's playground, beauty salon, fitness centre).

According to data from last year, the region was one of the leaders in terms of the number of transactions, accounting for - 23.3% of the total in Spain. Buyers are attracted by the Costa Blanca coast, the pleasant climate, the ability to obtain a residence permit quickly, and the ease of integration into the local community due to the large number of English-speaking expatriates.

Investors usually choose to invest in villas, studios, 1–4-bedroom apartments in the secondary and primary markets, and penthouses. Villas offer maximum privacy and comfort, studios are easy to rent out and can generate maximum income through short-term rentals and 1-4-bedroom apartments are preferable in modern complexes with developed internal infrastructure or in typical Spanish neighborhoods with a special atmosphere.

The undisputed leaders in terms of foreign investment are Torrevieja, Orihuela, Guardamar del Segura, and Santa Pola. If you decide to buy real estate in the capital, you should bear in mind the following points:

• In the Carolina area, real estate is mainly offered on the secondary market and there are no parks and limited entertainment facilities.
• Ensanche-Diputación is the business part of the city and properties are sold for €120,000. The same price range applies to units within a 5-10-minute drive of the historic centre.
• For those who want to buy housing in a gated community with all amenities, look at the La Albufereta and Playa San Juan areas.
• The Centro area has old buildings with 1-3 floors and unique layouts.
• If you are looking for elite properties, the Campoamor area is the best choice.
• Els Angels consists mainly of multi-storey residential buildings.
• San Blas is a district with new buildings and lots of green areas.

Reasons for investing in property in Alicante

Overall, prices in the country increased by 5.33% in 2023, and the area became one of the provinces with the highest increase. In the capital, the cost rose to €2,006/m² (+15.1%), with equally impressive figures in other areas:

• Benidoleig - 18.4%;
• Rojales - 19.5%;
• Els Poblets - 20.6%;
• Daya Nueva - 22.1%;
• Benidorm - 11.3%;
• Orihuela - 8.2%;
• Elche - 9.9%;
• Ondon-de-las-Nieves - 29.6%.

The return on your investment will depend on the price of real estate for sale in Alicante and how you manage it. If you are a foreigner, you can take advantage of the services offered by specialised companies that can handle legal formalities, find tenants, and carry out minor repairs on your behalf. These services come with a cost of around 10% of the rental price. Alternatively, you can choose to manage your property on your own, but this comes with the risk of not finding tenants and having your asset sit idle, which would increase the payback period. If you make a successful choice, you can expect to recoup your investment in 8-11 years.

Buying real estate in Alicante

You can search for properties in Alicante for investment from anywhere in the world using the Global-Property.Investments website. Our database contains detailed descriptions of properties that can be displayed based on your specific requirements. You can easily set search filters to remotely analyse options and find housing that meets your needs, whether you're looking for a place close to the beach, near the city center, with a pool, a certain number of bedrooms and bathrooms, sea views, or furnished or unfurnished. Whatever your requirements are, we can help you find promising investment properties. All you need to do is contact the developer or agency via phone or email.