{"id":1672,"date":"2024-08-15T09:00:00","date_gmt":"2024-08-15T07:00:00","guid":{"rendered":"https:\/\/costablanca-magazin.com\/?p=1672"},"modified":"2025-07-08T05:46:56","modified_gmt":"2025-07-08T03:46:56","slug":"explosive-rise-in-rental-prices-on-the-costa-blanca","status":"publish","type":"post","link":"https:\/\/costablanca-magazin.com\/en\/lokales\/news-politik\/explosiver-anstieg-der-mietpreisean-der-costa-blanca\/","title":{"rendered":"Explosive rise in rental prices on the Costa Blanca"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"1672\" class=\"elementor elementor-1672\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d01eebb e-flex e-con-boxed e-con e-parent\" data-id=\"d01eebb\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2de51fb elementor-widget elementor-widget-heading\" data-id=\"2de51fb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Explosive rise in rental prices\non the Costa Blanca<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3dba86d e-flex e-con-boxed e-con e-parent\" data-id=\"3dba86d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-91900c5 e-con-full e-flex e-con e-child\" data-id=\"91900c5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-342174e elementor-widget elementor-widget-image\" data-id=\"342174e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/costablanca-magazin.com\/wp-content\/uploads\/elementor\/thumbs\/wooden-toy-house-with-rent-sign-on-grass-2023-11-27-05-23-52-utc-rjc7yfscp1nrtoe4mcbw3477x97k0rh1mab2mbetk6.jpg\" title=\"Explosive rise in rental prices on the Costa Blanca\" alt=\"Explosive rise in rental prices on the Costa Blanca\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8579790 elementor-widget elementor-widget-text-editor\" data-id=\"8579790\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Rental prices in Benidorm and the entire province of Alicante continue to rise. According to the latest report from the Fotocasa platform, rental costs in Benidorm have more than doubled compared to ten years ago. In April 2024, rental prices were 138 % higher than in the same month in 2014. <\/p><p>A flat that cost 500 euros back then now costs an average of 1,190 euros per month. The sharp rise in rental prices is particularly pronounced in the tourist capital, but is also reflected in other coastal communities.<\/p><p>El Campello recorded an increase of 137%, Denia 129%, Alicante city 126%, Santa Pola 119% and Torrevieja 107%. This puts these municipalities well above the Spanish average of 78% over the last ten years.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c33f1ab e-con-full e-flex e-con e-child\" data-id=\"c33f1ab\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b2c1e6b elementor-widget elementor-widget-text-editor\" data-id=\"b2c1e6b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In Benidorm, the average rental price in April 2024 is \u20ac1,685 per month. Prices vary considerably depending on the neighbourhood and proximity to the sea. Flats with more than one bedroom for less than \u20ac1,000 per month are rare, especially in areas far from the beach. In the newly developed Poniente area, three-bedroom flats cost up to 3,000 euros. The rise in rental prices has exacerbated the situation for the residents of Benidorm.<\/p><p>The demand for flats clearly exceeds the supply, which is driving up rental costs further. <br \/>In addition, the start of the summer season contributes to the fact that many owners use their properties for holiday rentals, which puts further pressure on the market. According to Fotocasa, rental price development in Spain as a whole has seen a cumulative increase of 78 % in ten years, from an average of 6.91 euros per square metre in April 2014 to 12.30 euros in April 2024. In the Comunidad Valenciana, the increase is as high as 139%. Gand\u00eda and the city of Valencia top the list with an increase of 185% and 150 % respectively.<\/p><p>Maria Matos, Head of Studies at Fotocasa, emphasises that the current developments point to an overpriced rental situation and make access to housing considerably more difficult. The drastic price increases are a major challenge for many people. The situation in Benidorm and other municipalities in the province of Alicante highlights the urgent need to take measures to regulate and control rents in order to tackle the housing crisis and ensure affordable housing for all. red<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-cc6f294 e-flex e-con-boxed e-con e-parent\" data-id=\"cc6f294\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-889361a elementor-widget elementor-widget-heading\" data-id=\"889361a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">This might also interest you<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element 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