Despite the increase in the rental price of homes in 2022, the highest in fifteen years, real estate demand in Alicante city and province is not slowing down. especially from the foreigners. They are the ones who rank as the first option on the national list both in capitals and in territory, above Barcelona and Valencia.
The study prepared by the Idealista portal analyzes the market data in Spain, which shows that 15% of rental applicants are foreigners, as indicated by the IPs from where these searches are carried out. A percentage that doubles in the case of Alicante, with 30.3% in regards to the province and 25.9% in the city.
The strong foreign demand for the Alicante territory is unique in Spain since it is the only province in which it exceeds 30%, as indicated in the report. The five most sought after clearly reflect the profile of what the international market is looking for: the islands and the Mediterranean. In Santa Cruz de Tenerife it reaches 29.6%, the Balearic Islands (27.8%), Málaga (26.9%) and Las Palmas (24%). These five provinces are the only ones in the country where searches by outsiders account for more than a fifth of the total.
[El precio del alquiler de vivienda en la ciudad de Alicante se mantiene en su máximo desde 2008]
Foreign pressure in this market is also transmitted to the rest of the Valencian Community. In the case of the province of Valencia it is 19.3% and in that of Castellón 14%. These data place both among the most sought after in Spain, being in seventh and thirteenth position in this table, respectively.
The author of the report, Ana P. Alarcos, points out that “in general terms, they want to rent a house in Spain in the same areas where they are looking to buy: coastal and tourist enclaves.”
And what is the origin of those who seek the most? As indicated by Idealista for EL ESPAÑOL, the most prominent nationality when looking for rental housing in the province of Alicante it is the Netherlands and in the capital it is the United States. Both sources reflect an increase compared to the data for 2019. In fact, the former go from seventh to fifth position in the state while the latter rise from fifth to fourth.
[Reformas de 20.000 € a cambio de alquilar la vivienda por 5 años]
The table of the most searched province capitals presents the same trends as in the territory, with Alicante leading with 25.9%. The difference is that here Valencia is in third position with 24.2%, six tenths below Barcelona. Palma de Mallorca and Malaga follow them with 23.7% and 22.2%. To find Castellón, you have to drop to thirteenth position, with a percentage that is half that of Alicante, 12.4%.
[¿Alquilar o comprar una vivienda en Alicante?: “La decisión dependerá de la situación de cada uno”]
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