Apartment in Alicante

Apartments in Alicante are relatively affordable housing on the Mediterranean coast of Spain. Alicante is the center of the province of the same name and the second most populous city in the Valencian Community (Valencia is the capital and first by population – Valencia). This city also has the unofficial status of the capital of Costa Blanca, a popular tourist region on the Mediterranean coast.

Apartments for Sale in Alicante

Over the last 70 years, the population of Alicante has more than tripled (according to the latest data, more than 330,000 people live here), partly due to the influx of immigrants from Europe and the CIS. Active immigration to Alicante began at the end of the last century and continues today, with the number of people wishing to rent or buy apartments in Alicante growing every year.Of all the real estate purchased in Spain by foreign citizens and immigrants in 2019, more than 50% of the properties were concentrated in the province of Alicante, including its main city. Both the city and the province of Alicante also lead in the share of transactions with foreign buyers in the total sales volume: in 2022–23, more than 41% of all people who bought an apartment in Alicante were foreigners.The sale of apartments in Alicante is part of the services offered by the Spanish Life real estate agency. We offer many attractive options for buyers who consider overseas residential property as a profitable investment, as well as for those who dream of buying an apartment in Alicante for personal living, obtaining residency, and eventually citizenship.In Alicante and its surroundings, the secondary housing market is better developed, where you can buy an apartment ready to move in. Buying an apartment in Alicante in the primary market is also possible, and realtors will help you select apartments in new developments.

The Best Areas in Alicante to Buy an Apartment

The most attractive areas for investors looking to buy an apartment in Alicante for rental or future resale at a higher price:

• Ensanche-Diputación – a seaside area, average rental yield 17.26%;
• Centro – profitable property near the central beach or attractions can bring €100–150 per day in season, annual yield – 13.28%. In the historical and business part, resale properties prevail, while in the trendy Centro Tradicional area, they are mixed with new builds;
• Playa de San Juan – a popular family vacation area with San Juan Beach;
• Cabo de las Huertas – elite real estate that is increasing in value;
• Mercado – a tourist-favored area with landmarks, markets, and average property prices;
• La Albufereta – an expensive neighborhood with gated residences.

Good choices for permanent residence:

• Pla del Bon Repos – dense block housing, affordable prices;
• Alicante Golf – a quiet neighborhood with lots of greenery, a golf course, and comfortable residential complexes;
• Cabo de las Huertas – a quiet, elite district away from the city center, with beautiful nature and sea views, fewer tourists;
• Benalúa – a great option for business people, located near the city center and train stations. Prices are lower due to distance from the sea, but housing is comfortable and the environment calm;
• Parque Vistahermosa – a prestigious area with good schools, supermarkets, and underground parking.

Areas we do not recommend for those looking to buy apartments in Alicante: Juan XXIII, San Antón, Carolinas Bajas, Nou Alacant. These neighborhoods are inhabited by gypsies, refugees, and undocumented immigrants, with poorly developed infrastructure and unsafe environments.

Apartment Prices in Alicante, Spain

The cost of an apartment in Alicante depends on many factors – the size and number of rooms, the floor and total floors of the building, the year of construction, the area, and distance from the sea. Apartments with a pool, terrace, parking, and beautiful views from the windows are valued higher.For example, in the residential area of Carolinas Altas, where mostly Spaniards live, there is a small apartment (56 m², 2 bedrooms + living room) that can be purchased for €100,000. Meanwhile, an apartment of almost the same size (58 m², 1 bedroom, terrace) but located on the first line with sea views costs nearly €366,000.Average prices per square meter (as of October 2024) in the most popular residential and investment areas of Alicante:

• Playa de San Juan – €3601;
• Cabo de Las Huertas – €2808;
• Albufereta – €2745;
• Centro – €2742;
• Alicante Golf – €2362.

Districts where you can buy an apartment in Alicante for under €60,000 are unattractive for Europeans and CIS nationals. The safest option at these prices (around €40,000) is Virgen del Remedio (mixed population, many African migrants, noisy but not criminal).

Why Buy an Apartment in Alicante

Reasons for the popularity of apartments in Alicante:

• high investment potential due to the steady rise in real estate prices;
• beautiful beaches, mild climate, and many cultural and historical landmarks and entertainment options attract tourists. Buying an apartment in Alicante by the sea allows for profitable rental to holidaymakers;
• comfortable living conditions for foreigners – high living standards with relatively low costs;
• a welcoming attitude toward migrants (the province is home to representatives of more than 100 nationalities).

Alicante is considered a provincial city, with apartments cheaper than in major metropolitan areas such as Madrid or Barcelona. If you are considering buying an apartment in Alicante, check the up-to-date listings with descriptions and photos in our catalog, or share your requirements with our experts – we will help you find the right apartment in Alicante to meet your needs.