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- EDITIONS: Spanish News Today Alicante Today Andalucia Today
Date Published: 24/01/2022
ARCHIVED - Property rental prices rise by 7.2 per cent in Alicante province
Benidorm in the Marina Baixa remains the most expensive town for renters
The cost of renting properties in Alicante province has rebounded strongly over the last 12 months, rising on average by 7.2%.
The hike in prices places Alicante as the most expensive province for rented housing in the Valencia region, followed by Castellón where prices have risen on average by 7% in the last year, and Valencia (up 5.5%).
The regional average has therefore increased by 5.7%, representing an uninterrupted rental price rise for the last eight years.
In Alicante, the average price per square metre currently stands at 7.90 euros, which means an 80m2 flat typically costs 632 euros per month.
By municipality, the highest increase has been recorded in El Campello, with a rental price price rise of 15.4% – the second highest in the entire Valencian region behind Gandia, where renters have seen a 40.7% increase.
In Torrevieja, rental costs have leapt 11.4%, followed by Benidorm (10.1%), Santa Pola (8.6%), Alcoy (7.5%), Alicante (7.4%) and Elche (6.9%).
But Benidorm remains the most expensive town in the province to rent a flat, costing on average 9.82 euros/m2, meaning that an 80-metre flat costs 785 euros.
In second place is El Campello, at 9.69 euros per sqm per month, followed by Alicante (8.58 euros), Santa Pola (8.11 euros), Torrevieja (7.41 euros), Elche (6.16 euros) and Alcoy (5.15 euros).
However, despite the sharp rise, rental prices in Alicante province are below the national average of 10.27 euros, mainly due to high costs in Madrid and Barcelona, which have the largest volume of rented properties.
During 2021 the price of rentals actually fell by 3.6% at a national level, due to decreases in Madrid, Navarra, Castilla-La Mancha and the Basque Country.
In contrast, the largest increases occurred in the Balearic Islands (+6.5%), La Rioja (+6.5%), Murcia (+6.4%) and as mentioned, the Valencia region (+5.7%).
Whether you’re looking to rent property in Spain or buy to let, you should always consult an experienced real estate professional to help you navigate the choppy waters of the Spanish property market.
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Office 1: Las Sabinas Commercial Centre 22, La Manga Club Resort 30389 / Office 2: Plaza Molino, Avd de La Union 72, San Javier 30730Tel: +34 868 707 997
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Welcome to Micasamo Realty and company owners The Brown Family from the hit Channel 4 TV show, "Sun Sea and Selling Houses". We are a premier real estate agency dedicated to providing exceptional services to our clients. With a commitment to excellence and a wealth of industry experience, we are here to assist you with all your real estate needs.
Located in the heart of La Manga Club on the Costa Cálida, Micasamo Realty has established itself as a trusted name in the local real estate market. Our prime location allows us to have an in-depth understanding of the area's dynamics, market trends, and property values, enabling us to offer valuable insights and guidance to both buyers and sellers.
At Micasamo Realty, we offer a comprehensive range of services to cater to various real estate requirements. For buyers, our expert team of agents is dedicated to helping you find the perfect property that aligns with your needs, preferences, and budget. We listen attentively to your criteria and utilise our extensive network and resources to locate suitable options, arrange property viewings, and guide you through the entire buying process.
For sellers, we employ innovative marketing strategies and utilise the latest technology to showcase your property in the best possible light. Our team of skilled professionals will handle every aspect of the selling process, from pricing your property competitively to negotiating offers and ensuring a smooth transaction from start to finish.
Additionally, we provide specialised services such as property management, property rentals, investment consultation, and relocation assistance. Whether you are a first-time buyer, a seasoned investor, or looking to relocate, our dedicated team is here to provide personalized solutions tailored to your unique circumstances.
Micasamo Realty takes pride in delivering exceptional customer service, fostering long-term relationships, and exceeding expectations. We are committed to transparency, integrity, and professionalism in every transaction, ensuring that your real estate journey is a seamless and rewarding experience.
Contact Micasamo Realty today and let us guide you through the exciting world of real estate with our expertise, passion, and unwavering commitment to your success.
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