Benidorm: Spain's second municipality with highest financial effort to buy housing

The province of Alicante registers tensions in the real estate market, with Benidorm leading financial effort and significant price increases.

Generic image of the Mediterranean coast with high building density.
IA

Generic image of the Mediterranean coast with high building density.

The residential market in the province of Alicante closes the first quarter of 2026 with price increases and strained accessibility levels, especially on the coast. Benidorm records the second highest financial effort in Spain to access a home.

The real estate market in the province of Alicante has seen a price increase in most municipalities during the first quarter of 2026, with particular difficulty in accessing housing in coastal towns. Benidorm leads this trend, ranking as the second municipality in all of Spain with the highest financial effort to access a home, according to the Tinsa IMIE Local Markets statistics. The financial effort rate in Benidorm reaches 59%, meaning an average household must allocate this percentage of its disposable income to the payment of the first mortgage installment.
This situation in Benidorm is exacerbated by one of the country's largest price increases. The average housing value stands at 2,786 euros per square meter, the highest in the province and 41% higher than in Alicante capital. The year-on-year evolution of housing in the town has been 20.5%, with a quarterly increase of 2.7%. This trend primarily affects coastal municipalities, where Torrevieja and Orihuela also show effort rates above the 35% considered reasonable.
Torrevieja registers an effort rate of 50% and an average price of 1,859 euros per square meter, with a year-on-year increase of 15% and quarterly of 3.4%. The municipality is among those with the lowest residential accessibility on the Mediterranean coast. Orihuela, for its part, presents an effort rate of 43% and an average price of 1,986 euros per square meter, with year-on-year variations of 15.4% and quarterly of 4.8%.
Alicante capital is situated above the 35% threshold with an effort rate of 38%. Meanwhile, Elche stands out for its price growth rate, with an average value of 1,552 euros per square meter and a quarterly variation of 6.4%, despite maintaining an effort rate of 32%.
In inland municipalities like Elda and Alcoy, prices and financial effort are lower. Elda registers an average price of 866 euros per square meter and an effort rate of 20%. Alcoy presents the lowest average value (802 euros/m²) and the lowest financial effort (17%), being the only municipality analyzed with a quarterly price drop (-0.9%).
Regarding the rental market, the province of Alicante closed 2024 with the largest price increase in recent years, accumulating a decade of increments. The Rental Housing Price Index (IPVA) from the INE places Alicante among the Spanish capitals where rents have increased the most since 2015. At the provincial level, the index reached 124.481 points in 2024 (base 100 in 2015), an accumulated increase of 24.5% and an annual rise of 4.6%.