496 New construction promotions in Alicante Province

New Construction Developments Alicante Province

Currently, Alicante stands out for hosting over 496 new construction projects for sale, which include thousands of apartments both under construction and completed. This positions Alicante as the fourth province in Spain by volume of new housing, following Madrid, Barcelona, and Málaga. According to the College of Quantity Surveyors of Alicante, more than 1,000 projects were started in 2021, resulting in the construction of 5,600 properties that totaled over 1,000,000 m² throughout the province.

Prices of New Construction in Alicante

In Alicante, the cheapest new construction square meter can be found in Ibi and Cox, where prices hover around 750 €/m². Following closely is Almoradí at about 850 €/m², and Monovar with slightly over 850 €/m². Callosa de Segura exceeds 880 €/m². The lowest average price per square meter in the province is around 1,200 €/m², while in high-demand areas like Moraria and Punta Prima, prices exceed 2,300 €/m². Localities like El Albir, San Miguel de Salinas, Benidorm, Benijofar, and Cabo Roig also show high prices. Altea, particularly Altea Hills, stands out with prices exceeding 2,000 €/m² and can reach over 3,000 €/m².

Dynamics of the New Construction Market in Alicante

Alicante ended 2021 with a 12% increase in new homes started, compared to the previous year, although it represented a 21% decrease compared to 2019, before the COVID-19 crisis. Continuous growth is anticipated, with an average of 110 new developments in Alicante per quarter. At the regional level, over 29% of new homes were started in the metropolitan area of Alicante, while Vega Baja and the Marina Baja and Alta regions also showed significant figures.

Regarding the current situation in the province of Alicante, the new construction market in 2025 shows a diversified and significant distribution among its cities, plus many of the developments are in the mode of finished new construction Alicante province. Torrevieja leads with 47 developments, representing approximately 13% of the total. Closely following it, new construction in Finestrat counts 43 projects, equivalent to 12% of the total, highlighting its growing appeal for investors and residents.

New construction in Alicante / Alacant has 39 developments, which constitutes around 11% of the total, emphasizing its central role in the region's economy and tourism. Pilar de la Horadada and Orihuela Costa offer 38 and 31 promotions respectively, representing 10.5% and 8.5%, highlighting their popularity due to proximity to the coast and outstanding services.

Denia and Orihuela add dynamism to the market with 30 and 26 developments, corresponding to 8% and 7% of the total, respectively. Cities like Calpe and Rojales also play an important role, with 25 and 22 projects, and percentages of 7% and 6%. Jávea/Xàbia and Guardamar del Segura complement the vibrant real estate sector with 21 and 19 projects, each accounting for nearly 6% and 5% of the total. Additionally, some new construction projects in Benidorm do not represent a large number in terms of quantity of work but are above many localities in terms of the number of homes delivered in Alicante province.

This detailed panorama shows an active and diverse real estate market in Alicante, where each city contributes its unique characteristics to the growth and development of the region, offering multiple options for residence or investment.

Investment Opportunities and Local Economy

The province of Alicante plays a crucial role in the tourist economy of the Valencia Community and is positioned as one of the leading areas in terms of business volume and interest in the real estate market. The average price of a new home in the province is estimated at 1,250 €/m², reaching up to 3,000 €/m² in the most exclusive areas. With an average of over 220 sunny days a year, Alicante offers excellent opportunities to acquire new properties with modern communal facilities, such as swimming pools, security systems, and surveillance.

In Alicante province, the price of cheap new construction starts at 20 000 € because these properties do not enjoy exclusive views or amenities while the average price is 646 977 € per new home while the average price of a second-hand property is 646 977 €, new and luxury homes can cost 6 500 000 € these properties are expensive due to the best views, quality, more m², or their location and exclusivity.

We also recommend reviewing all opportunities of more than 496 properties in Alicante province that are second-hand.

Where to Acquire New Construction in Alicante?

Alicante, with its wide offer on the Mediterranean coast, concentrates most new homes close to the coast in municipalities such as Benidorm, Calpe, Denia, Orihuela Costa, Elche, and Torrevieja. The Bajo Segura region presents the most new housing promotions this year, with varied prices ranging from economical to exclusive in different types of properties.

Frequently Asked Questions about Buying New Construction in Alicante

How much is the tax if I decide to buy new construction in Alicante? Currently, the VAT for new construction homes is 10%, but you will also have to pay AJD (documented legal acts) close to 1.5%. The VAT could be reduced to 4% if it concerns officially protected homes, of special regime, or public promotion.

For second-hand housing, the ITP tax is 10% for the entire province and 8% if the buyer is under 35 years old and makes it their first home.

How much do I have to pay to reserve new construction off-plan? The issue of reserving payment is very delicate because each developer sets their conditions, but we will try to provide some examples of what they usually offer:

• 10,000 + VAT - reservation off-plan
• Up to 30% - initial payment
• Another 20-30% - within the first year
• The final payment in the deed upon delivery of the keys

How much can a notary cost in Alicante? To determine the total amount to be paid for a home, one must know the prices of notaries. In general, a notary will cost between 500-1000 euros depending on the number of pages in the deed and the purchase price of the property.

How is the mortgage for off-plan housing? Newly built properties have delivery periods and deferred payments that second-hand ones do not have. This makes the application, amount, and terms absolutely different, also taking into account that from the reservation to the receipt of the keys, 2-3 years may pass. For the bank to be able to assess the option, we will need to provide information such as the building book, plans, and energy efficiency. Mortgage procedures usually start 2-6 months before the delivery of keys. More information in our article about mortgages for off-plan housing.

Is it easy to buy a new construction apartment in Alicante? When you decide to acquire a newly built apartment, you should know that almost every developer will request all the necessary information to pass the money laundering filter. They will generally request:

• Last pay slips
• Income tax returns for the last 2 years
• Work history
• Bank ownership certificate and even balance in the account

Which developers have the most product in this area? As it is the Costa Blanca, a continually growing demand area, you will find the following developers here:

Aedas Homes: Ayanz, Mara Views, Luzzerna, Naya, and more than 15 active promotions
Hábitat Inmobiliaria: Habitat Peña Alta, Habitat Edetana, Habitat Atlantis
Hansa Urbana: Mia Garden, Residencial Milenia, Marina Bay Residencial, Residencial Serramar
Immosol: Sunny Hills Resort, Leduc Golf Resort, Nalia Resort, Mirador Hills Phase II
Metrovacesa: Edificio Adamar, Thalassa, Residencial Nazhar, Residencial Nou Nazhar
TM Grupo: Aire Residencial, Sunset Cliffs, The Style by TM, Sunset Waves and other 4 promotions
Other developers: 360 promotions in total