Square-meter Prices on Costa Blanca 2026 vs 2024

Town	2-bed apt €/m² (Q2 2024)	2-bed apt €/m² (Q2 2026)	Change
Torrevieja	2,050	2,380	+16.1%
San Pedro del Pinatar	2,180	2,510	+15.1%
Orihuela Costa	2,400	2,770	+15.4%
Los Alcazares	2,280	2,610	+14.5%
Guardamar del Segura	2,340	2,660	+13.7%
Pilar de la Horadada	2,450	2,780	+13.5%
Villajoyosa	2,890	3,240	+12.1%
Benidorm	3,150	3,540	+12.4%
Ciudad Quesada	2,600	2,910	+11.9%
Denia	3,220	3,590	+11.5%
Calpe	3,880	4,300	+10.8%
Moraira / Teulada	3,650	4,050	+11.0%

Weighted average Costa Blanca m² price for 2-bedroom apartments: 2,570 (Q2 2024) → 2,910 (Q2 2026) = +13.2% over two years, or 6.4% compound annualised.

What drove the appreciation

Foreign-buyer inflows. UK buyer transactions on the Costa Blanca ran +28% YoY in Q1 2026 vs Q1 2025. German +14%, Belgian +11%, Dutch +9%. Foreign buyers now account for 41% of Costa Blanca resale volume, the highest share since 2007.

New-build supply constrained. Alicante province new-build permit issuance grew +4% YoY in Q1 2026 but transaction demand grew +16.4%. The gap forced marginal buyers into resale, tightening every apartment supply band.

Long-term-rental yield compression pushed capital-focused investors elsewhere. LTR yields on the Costa Blanca dropped from 6.2% average in 2024 to 5.4% in 2026 as prices moved faster than rents. Capital-appreciation-first investors accepted the yield compression because appreciation kept covering it.

Mortgage rate compression. Fixed 30-year non-resident mortgage rates dropped from 4.5% in 2024 to 3.4% in mid-2026. Every 100 basis points of rate compression shifts about 8% of buyers into a higher price band.

Where the gap opened widest

Sub-€250k stock in Torrevieja, San Pedro del Pinatar, Orihuela Costa and Los Alcazares carried the fastest per-m² growth (+14-16% two years). This is the entry-buyer band that absorbed the largest share of the UK and Nordic first-time-buyer inflows.

Premium coastal Moraira, Calpe and Denia grew slower per-m² (+10-11.5%) but on a larger base, so absolute price gains in euros are larger. A €400,000 Calpe apartment in Q2 2024 sits at roughly €443,000 in Q2 2026; a €175,000 Torrevieja apartment at €203,000.

Sample stock in each tier

Entry tier (+15%+ growth):

• WES-2429 Murcia 1-bed, 45 m², €78,000

• WES-2240 Lomas de Cabo Roig 1-bed, 52 m², €147,500

• WES-2402K San Miguel de Salinas 3-bed, 88 m², €190,000

Mid tier (+11-14% growth):

• WES-2278 Calpe 2-bed, 82 m², €430,000
• WES-2038 Denia 1-bed, 53 m², €260,000
• WES-1410 Benidorm 1-bed, 77 m², €275,000

Broader catalogue: Torrevieja (115), Los Alcazares (63), Pilar de la Horadada (60), Orihuela Costa (36).

Is Q3 2026 the top?

Bank of Spain's Q2 2026 financial-stability report notes housing-market growth cooling but not reversing. The five macro drivers that fueled 2024-2026 appreciation are:

• Foreign-buyer inflows: still strong (Q1 2026 +21.4% YoY in Costa Blanca)
• New-build supply: still constrained (permit issuance lags demand)
• Mortgage rate compression: bottoming out; fixed rates unlikely to drop further
• LTR yield compression: near floor; further compression unlikely
• Wage growth in main source markets: moderating in the UK and Germany

Balance: growth continues in H2 2026 at a slower pace (roughly +4-6% YoY compound instead of +6-8%). Coastal Marina Alta and Calpe area more likely to be plateau-tier; Costa Cálida and southern Costa Blanca still in the growth band.

For buyers deciding whether to enter now or wait: rate compression benefit is largely priced in; further waiting doesn't help you affordability-wise, and inventory continues to tighten.

Related: Long-term rental yields by Costa Blanca town, INE Q1 2026 house prices, Costa Blanca sales volume Q2 2026.

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