Torrevieja and Orihuela Lead Spain’s Coastal Property Market
Torrevieja and Orihuela recorded more residential property sales than any other non-capital coastal municipalities in Spain during the past year, confirming the Costa Blanca’s growing dominance of the country’s second-home market. According to Tinsa’s Housing on the Coast 2026 report, Torrevieja registered 6,913 property transactions, despite sales falling by 4.8% compared with the previous year.…
Torrevieja and Orihuela led Spain's coastal property market in 2023, with Torrevieja recording 6,913 residential property sales and Orihuela following closely with 4,992 sales. Both municipalities saw declines in sales compared to the previous year, with Torrevieja experiencing a 4.8% decrease and Orihuela facing a 7.5% decrease.
No other non-capital coastal municipalities in Spain recorded higher sales figures, even when including capital cities like Barcelona, Valencia, and Alicante. Orihuela's performance surpassed several established destinations, including Marbella, Gijón, Cartagena, Elche, and Estepona. Across Alicante province, Benidorm, Dénia, Santa Pola, Guardamar del Segura, and Pilar de la Horadada also performed well.
However, the growing demand for second homes and tourism has made it increasingly difficult for local families to afford homes in these communities. Property prices in coastal areas reached an average of €2,201 per square metre, with holiday-home properties at €3,500 per square metre. This has resulted in local residents needing to dedicate a significant portion of their income to mortgage repayments, with some areas exceeding 60%. The situation may worsen as more residents seek affordable housing in inland municipalities.
Written by urgent.news from The Leader's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
