Property Value Price Increase Over The Past Decade In All Major Costa Blanca Cities, Spain

Property Value Price Increase Over The Past Decade In All Major Costa Blanca Cities, Spain

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Introduction To Property Value Price Increase Over The Past Decade In All Major Costa Blanca Cities, Spain

The Costa Blanca, which stretches along Spain's eastern coast, has long been a popular choice for both purchasers and real estate investors. In the last ten years, the area's property values have increased significantly due to its beautiful beaches, temperate environment, and dynamic culture. We'll examine the price rises for real estate in all of the main Costa Blanca cities in this in-depth blog post, which will analyze data from February 2014 to February 2024.

Table of Property Prices

We've gathered information on property values for the major Costa Blanca cities at the start and end of the decade to give an easy-to-understand comparison. The costs are stated per square meter (m2) in euros.

Location Price m² Feb 2024 Price m² Feb 2014
Alfaz del Pi €2,510/m² €1,687/m²
Alicante / Alacant €1,972/m² €1,314/m²
Altea €2,941/m² €1,752/m²
Benidorm €2,549/m² €1,863/m²
Benissa €3,050/m² €1,631/m²
Calpe €2,902/m² €1,798/m²
Denia €2,627/m² €1,650/m²
El Campello €2,342/m² €1,713/m²
Elche / Elx €1,286/m² €935/m²
Finestrat €2,831/m² €1,543/m²
Guardamar del Segura €1,944/m² €1,371/m²
Jávea/Xàbia €3,148/m² €1,795/m²
Moraira €3,588/m² €2,355/m²
Orihuela €2,231/m² €1,259/m²
Pilar de la Horadada €2,514/m² €1,187/m²
Santa Pola €1,911/m² €1,434/m²
Torrevieja €1,848/m² €1,060/m²
La Villajoyosa / Vila Joiosa €2,264/m² €1,410/m²


Source: Idealista

Analysis of Property Price Increases

Let's examine the average increase in property values for each major Costa Blanca city over the last ten years.

Location Price Increase in Percent
Alfaz del Pi 48.78%
Alicante / Alacant 50.07%
Altea 67.8%
Benidorm 36.8%
Benissa 87%
Calpe 61.40%
Denia 59.21%
El Campello 36.71%
Elche / Elx 37.54%
Finestrat 83.47%
Guardamar del Segura 41.79%
Jávea/Xàbia 75.37%
Moraira 52.35%
Orihuela 77.20%
Pilar de la Horadada 111.74%
Santa Pola 33.76%
Torrevieja 74.33%
La Villajoyosa / Vila Joiosa 60.56%


Source: Calculated using formula: (New Price - Old Price/Old Price) x 100

Conclusion

The information makes it abundantly evident how much property values have increased over the last ten years in all of the major Costa Blanca cities. It's clear that this area's real estate market has grown strongly, with percentage gains ranging from mild to large. The Costa Blanca never fails to draw in foreign investors and property buyers due to its attraction as a seaside paradise, attractive lifestyle, or both.

It will be interesting to see how these tendencies develop in the future and what variables influence the real estate market in this vibrant area.

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