Decline In Property Sales In Torrevieja
Posted: 22 Mar 2026 06:50
https://www.informacion.es/economia/202 ... 28594.html
Google translate, excluding video and images:
The real estate market is turning around: more homes are sold in Elda, Villena or Castalla and business is falling in Alicante, Torrevieja or Benidorm.
High prices on the coast and in large cities are shifting demand towards inland towns, which are still affordable.
High prices are beginning to take their toll on the major traditional drivers of the province's real estate sector and are changing market dynamics. While large cities like Alicante and Elche, or major coastal towns like Torrevieja, Orihuela, and Benidorm, saw stagnation or a decline in home sales last year, inland municipalities experienced a considerable increase in demand.
This is a trend that real estate agencies in these towns had already been announcing - some local councils have even expressed concern about the issue - and which is now confirmed by statistics from the Ministry of Transport and Sustainable Mobility.
In total, according to these statistics, which are based on deeds signed before a notary, 56,687 properties were sold in the province last year, representing a slight decrease of 0.7%. This trend is clearly influenced by what happened in the main real estate markets of the region, led by the city of Alicante, where 7,014 transactions were recorded, 108 fewer than the previous year.
Activity also fell in Torrevieja, which recorded 6,913 transactions, a decrease of 347; and in Orihuela, which registered 4,992 transactions, 406 fewer. Similarly, buyers were less active in Benidorm, with 2,174 properties sold, 143 fewer than a year earlier.
Coast
The situation is repeated in practically all the coastal municipalities of the province, with some exceptions such as Dénia, where 199 more houses were sold than in 2024, totaling 1,967.
To a large extent, all these towns correspond to those with higher prices, such as Benidorm, where more than 3,500 euros per square meter are already being asked, or Alicante, where it is almost 2,500 euros, on average.
[image]
Faced with this situation, many young people and immigrants see inland towns as the only alternative for buying a decent home, even if it means daily commutes to work. Thus, little by little, demand is shifting from the large coastal centers to the municipalities located along the major highways that cross the province.
This is the case in Elda, where 1,225 homes were sold last year, 21% more than the previous year. In Monforte , sales increased by 17.3%, with a total of 250 transactions, and in Villena, sales rose by 53%, with 716 formalized before a notary.
A similar trend occurred in the area surrounding the highway towards Alcoy. In Ibi, 397 houses were sold, a 26% increase; in Castalla, 359, a 23% increase; and in Onil, 215, a 40% increase. Muro, Alcoy itself, and Cocentaina were among the other towns that benefited from this particular exodus inland.
To explain it better, a simple price comparison is enough: compared to 2,500 euros in the city of Alicante, in Villena the average cost per square meter barely reaches 691 euros; in Elda, 919; or in Ibi, 1,031; amounts that for many justify getting up a little earlier to go to work.
Google translate, excluding video and images:
The real estate market is turning around: more homes are sold in Elda, Villena or Castalla and business is falling in Alicante, Torrevieja or Benidorm.
High prices on the coast and in large cities are shifting demand towards inland towns, which are still affordable.
High prices are beginning to take their toll on the major traditional drivers of the province's real estate sector and are changing market dynamics. While large cities like Alicante and Elche, or major coastal towns like Torrevieja, Orihuela, and Benidorm, saw stagnation or a decline in home sales last year, inland municipalities experienced a considerable increase in demand.
This is a trend that real estate agencies in these towns had already been announcing - some local councils have even expressed concern about the issue - and which is now confirmed by statistics from the Ministry of Transport and Sustainable Mobility.
In total, according to these statistics, which are based on deeds signed before a notary, 56,687 properties were sold in the province last year, representing a slight decrease of 0.7%. This trend is clearly influenced by what happened in the main real estate markets of the region, led by the city of Alicante, where 7,014 transactions were recorded, 108 fewer than the previous year.
Activity also fell in Torrevieja, which recorded 6,913 transactions, a decrease of 347; and in Orihuela, which registered 4,992 transactions, 406 fewer. Similarly, buyers were less active in Benidorm, with 2,174 properties sold, 143 fewer than a year earlier.
Coast
The situation is repeated in practically all the coastal municipalities of the province, with some exceptions such as Dénia, where 199 more houses were sold than in 2024, totaling 1,967.
To a large extent, all these towns correspond to those with higher prices, such as Benidorm, where more than 3,500 euros per square meter are already being asked, or Alicante, where it is almost 2,500 euros, on average.
[image]
Faced with this situation, many young people and immigrants see inland towns as the only alternative for buying a decent home, even if it means daily commutes to work. Thus, little by little, demand is shifting from the large coastal centers to the municipalities located along the major highways that cross the province.
This is the case in Elda, where 1,225 homes were sold last year, 21% more than the previous year. In Monforte , sales increased by 17.3%, with a total of 250 transactions, and in Villena, sales rose by 53%, with 716 formalized before a notary.
A similar trend occurred in the area surrounding the highway towards Alcoy. In Ibi, 397 houses were sold, a 26% increase; in Castalla, 359, a 23% increase; and in Onil, 215, a 40% increase. Muro, Alcoy itself, and Cocentaina were among the other towns that benefited from this particular exodus inland.
To explain it better, a simple price comparison is enough: compared to 2,500 euros in the city of Alicante, in Villena the average cost per square meter barely reaches 691 euros; in Elda, 919; or in Ibi, 1,031; amounts that for many justify getting up a little earlier to go to work.