- Strong increase in sales and purchases in Alicante: New construction grows by 34% and second hand rises by more than 69% since 2021.
- The average price per square metre of new construction in Alicante city is 2,773 euros.
- The average price per square metre of second-hand property in the city of Alicante is 1,968 euros.
Alicante city has a total new building supply of 1,162 dwellings. Compared to January 2021, the supply of new construction has decreased by 42%. As for the supply of second handThe supply decreases by 48%, from 11,000 on offer in January 2021 to 5,644 currently on offer. This has been analysed by the real estate consultancy firm Activum Real Estate Consulting in its latest study on the real estate scene in Alicante.
Despite this significant drop in supply, there is strong demandComparing the first four months of 2021 and 2023, the growth in sales of new construction has been 34% and second hand sales more than 69%.
New vs. second hand: price differentials
Alicante city, the average price per square metre of new construction is €2,773 and second hand €1,968, with second hand being 29% cheaper. The Benalúa neighbourhood has a difference of 41% with €2,650/m².2 in new construction and 1.560€/m2 in second hand. If we focus on the area of Cabo de las Huertas, it is the area with the greatest difference with a 48% with a price of new construction of 4,878.05€ compared to second hand with 2,559€. In La Florida, the average price per m21,669.72 and second-hand €1,425, only €15% cheaper. In Pau 1 the difference is 38% with €2,573/m².2 and 1.588€/m2. Vistahermosa is the area with the smallest difference between the average price per m3 and the average price per m3.2 new and second-hand; only 6% cheaper the average price per square metre.2 2,030 for second-hand and €2,151.66 for new build.
El Campello has a difference of 42% between the average price per m3 and the average price per m3.2 new build at €3,647 and second hand at €2,125. In Mutxamel there is a difference of 29% between new build and second hand at €2,046/m².2 and 1,445€/m2, respectively. In San Vicente del Raspeig the 19% with €1,702/m2.2 and 1.386€/m2respectively.
Source:Activum.co.uk a 04/2023. The ranking is based on the developments advertised on real estate portals and on the websites of the developers studied.
Who buys in each neighbourhood of Alicante?
The buyer profile varies greatly depending on the area and the number of bedrooms required by the client. Activum Real Estate Consulting has outlined the buyer profile in each of the developing areas with which it has commercial experience.
