In terms of housing construction, the province experienced a highly successful year in 2024, recording the second-highest figure in the past 15 years, trailing only the previous year, 2023. Consequently, the Official College of Technical Architecture of Alicante reported that 8,353 properties had been initiated by the year’s conclusion.
In spite of the favourable year, the figures for 2024 were 4.9% lower than those of 2023, which shattered all records from the previous decade. The Vega Baja region once again dominated construction in the province of Alicante, while other regions, including the interior and Elche, experienced substantial growth despite having the lowest volume of activity.
Regarding Las Marinas and Alicante, they demonstrate declines in comparison to 2023, despite maintaining positive results in comparison to the province as a whole. Once more, the coast is home to the most developments, while the inland region exhibits negligible figures.
Three main cities, Torrevieja (748), Alicante (695), and Orihuela (676), are the top three cities for housing starts in 2024, as indicated by the map from Datawrapper https://www.datawrapper.de/_/Tmysb/. It is followed by Elche and Dénia, which have initiated 593 and 495 properties, respectively. The list is concluded by the towns of Vega Baja, Marina Alta, and l’Alacantí.
The Elche region is distinguished by its expansion in comparison to the previous year. In the final quarter of 2024, 128 residences were initiated, a figure that surpasses all permits issued last year by 34% and is 111% higher than the same period in 2023.
The ten municipalities with the highest number of construction starts
Torrevieja: 748
Alicante: 695
Orihuela: 676
Dénia: 593
Elche: 495
San Miguel de Salina. 471
Pillar of the Horadada: 371
Mutxamel: 340
Calpe: 328
Guardamar del Segura: 293
However, it is important to emphasise the collapse of construction in the city of Alicante during the final three months of 2024. Despite the fact that 520 homes were initiated in 2023, the total number of homes initiated decreased from 1,099 in 2023 to 695 at the conclusion of the previous year, with only 87 homes initiated last year.
In 2024, Las Marinas initiated 2,191 residences, which represents a 5.8% decrease from 2023. The volume of activity in this region has remained consistent, with 990 residences being constructed in the second half of the year, a decrease from 974 in the same period in 2023. The fourth quarter’s year-over-year change was a mere 0.8%.
Despite being the province’s primary development area and the most dynamic, housing starts in the Vega Baja region have decreased by 13% compared to 2023. This decline is partially attributable to the second quarter, while the third and fourth quarters have maintained positive trends.
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