One in ten luxury homes in Spain is in Alicante, according to Idealista

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Oliver Thansan
Oliver Thansan
22 August 2023 Tuesday 16:50
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One in ten luxury homes in Spain is in Alicante, according to Idealista

10.7% of the homes advertised with a price of more than one million euros in Spain are for sale in the province of Alicante, a much higher percentage than that of the province of Valencia, which has 1.8% of the properties. luxury homes for sale, and that of Castellón, with 0.2%, Idealista reported this Wednesday.

The portal has explained that Spain has more than 40,000 homes advertised with a price of more than one million euros, and more than 8,000 above 3 million.

The Balearic Islands is the province where the most homes of this type are concentrated, since they account for 23.8% of the total, closely followed by Malaga, with 22.5% of the total, and then the Community of Madrid (12.1 % of the total) and Barcelona (11.2%).

Alicante is the fifth province in which more product accumulates above a million, with 10.7%, followed by Girona with 5.9%.

The ranking of the main provinces with the most luxury homes is completed with Cádiz (2.2%), Santa Cruz de Tenerife (2.1%), Valencia (1.8%), Las Palmas (0.9%), Granada and Vizcaya (0.7% in both cases).

Regarding the number of ultra-luxury homes, that is, homes that cost more than three million euros, Alicante has 429 ads, which represents 5.2% of all of Spain, while Valencia has 0, 3% (with 22 homes advertised) and Castellón with none.