The province of Alicante is considered one of the driest places in Spain. This is due not only to the low amount of precipitation (250–450 mm with the norm of 650 mm), but also to the huge number of sunny days per year – 290–310 days. However, this does not prevent Alicante from receiving millions of tourists every year. The main magnet for them is the long coastline.
Features of Purchasing New Builds in Alicante
Properties in Alicante from the developer is designed to suit the Mediterranean climate and strict EU standards. The property is often sold out at the excavation stage.
Advantages of buying a new home in Alicante:
- Energy efficiency. Class A/B buildings are equipped with solar panels and water and electricity consumption control systems.
- Modern conveniences. New residential complexes in Alicante are equipped with swimming pools, gyms and co-working spaces.
- Investment return. Rent in the provinces brings 5-8% per annum thanks to the tourist flow.
- Personalization. Possibility to choose finishing and layout at the construction stage.
- Legal protection. Bank guarantees ensure the return of funds in the event of failure to meet construction deadlines, according to the Spanish law Ley 38/1999.
Prices for New Residential Complexes in Alicante
The average price per square metre in a new building in Alicante is €1,942, which is lower than in Catalonia (€4,344) or Malaga (€2,229). Buy a house in Alicante at the construction stage or you can buy an apartment in various municipalities of the province – this will cost 15–25% less than buying a finished property.
Average property prices in the province of Alicante:
| District/Municipality | Property type |
Average area (sq.m) |
Average price per sq.m (€) | Estimated total cost (€) |
| Gran Alacant | Apartments (2-3 bedrooms) | 70–120 | 2000–3000 | 140,000–360,000 |
| Finestrat | Villas, townhouses | 100–200 | 2200–3500 | 220,000–700,000 |
| Playa de San Juan | Apartments (2-3 bedrooms) | 80–130 | 2500–4000 | 200,000–520,000 |
| Torrevieja | Apartments (1-2 bedrooms) | 50–90 | 1500–2500 | 75,000–225,000 |
Alicante Areas for Buying a New Home for Living and Investment
The province of Alicante offers a variety of locations to buy off-plan property in Alicante, from upmarket coastal areas to quiet suburbs. Here are the most popular areas:
- Playa de San Juan (Alicante city). The best beach on the Costa Blanca, with projects such as Hoyo 1, next to the golf course. Apartments from €250,000 per 100 sq.m. attract investors with yields of up to 7% on rentals.
- Finestrat. Situated 10km from Benidorm, Camporrosso Village and Seascape Resort offer villas and townhouses from €300,000, with sea and mountain views. The area is popular with expats from Northern Europe.
- Gran Alacant (Santa Pola). A coastal area with projects such as Amara, where apartments start from €220,000 per 80 sq.m. The proximity to Alicante airport (10 km) makes it ideal for rentals.
- Torrevieja. A resort town with affordable real estate. Alegria Residencial XXI offers apartments from €112,700 for 70 sq.m., 200 m from the sea, with swimming pools and spa.
- Vistahermosa (Alicante city). An upmarket residential area with projects such as Habitat Peña Alta, where townhouses start from €270,000 per 120 sqm. Popular with families due to its schools and parks.
Frequently Asked Questions about Buying a New Build in the Province of Alicante
Is it possible to purchase a new building in the province of Alicante remotely?
Both finished and off-plan properties in Alicante are available for purchase online. The agents act as a representative and can either sign documents on your behalf or instruct you on how to digitally sign.
Are foreigners allowed to buy housing in new buildings in the province of Alicante?
Foreigners can buy property in Alicante without restrictions, but only if you have a NIE, which can be obtained in 7-14 days. You also need to open an account in a Spanish bank, as it is not always allowed to pay a deposit or purchase from abroad.
What is the minimum price per square meter in new buildings in the province of Alicante?
The minimum price in new buildings in Alicante starts from €1,500 per sq.m. In prestigious areas the minimum price is €2,200 per sq.m.
Which areas of the province of Alicante are the most popular for purchasing housing in new residential complexes?
Popular areas are Playa de San Juan, Finestrat, Gran Alacant, Torrevieja and Vistahermosa. They attract with their developed infrastructure, proximity to the sea and high rental yields (5-8% per annum).
