Alicante, a vibrant city in the Valencian Community, is renowned for its pleasant climate, beautiful beaches and high quality of life, attracting Spanish and international buyers alike.
Selling a property here presents a lucrative business opportunity, thanks to the ongoing demand for homes in this sought-after area. However, success depends on a solid understanding of the local market and proper preparation of the property to appeal to potential buyers. Here's how to sell a house in Alicante.
- What to do before selling a house
- Discover the value of your house in Alicante
- The real estate market in Alicante
- Estimated time to sell a house in Alicante
- The price per square metre in Alicante
- Potential buyers of a house in Alicante
- The documents you need to sell a house
- Choose the best real estate agency
What to do before selling a house
Before listing your home for sale, it's essential to take several steps that can boost your chances of a successful sale. First, familiarise yourself with the local property market in Alicante by researching current asking prices, market trends and the types of properties in demand.
Equally important is preparing your home for sale. This includes making necessary repairs that could enhance its value or improve its appeal to buyers. Additionally, start organising the required documentation to streamline the sales process.
Discover the value of your house in Alicante
Determining your property's value is a crucial step before listing it for sale. You can use the idealista tool to get an estimate for your property based on various factors.
The valuation will consider elements such as how quickly you want to sell, the size and characteristics of the property and its location, as pricing varies significantly depending on the area.
The real estate market in Alicante
Understanding the real estate market in Alicante is crucial for any homeowner aiming to sell their property successfully. Currently, the market is experiencing steady demand from both Spanish and international buyers, with the city offering a diverse range of residential options.
Recent trends show a general increase in prices. As of August 2024, the average value per square metre in Alicante's capital has risen by 8.6% over the past year. Additionally, prices have also seen slight increases in the last three months (+2.6%) and the last month (+1%).
Estimated time to sell a house in Alicante
A common question among sellers is how long it takes to sell a property in Alicante. This can vary significantly based on factors such as location, property condition and current market conditions. According to a recent idealista report, over a third of properties in Alicante are sold within the first month of listing.
The report also indicates that the most typical timeframe for selling a house in Alicante is between one and three months (28.73%), closely followed by sales occurring within three months to one year (27.72%). Additionally, a notable percentage of properties (13.17%) sell within one week to one month.
The price per square metre in Alicante
The price per square metre is a key indicator that helps both sellers and buyers gauge property market values in a specific area. In Alicante, this price can vary significantly based on location and property type. For instance, areas closer to the coast or the city centre typically command higher prices per square metre compared to peripheral or less touristy places.
As of August 2024, the average price per square metre in Alicante was €2,176. However, there are notable differences within the city. Prime locations like San Juan Beach or the city centre can approach €3,000 per square metre, while neighbourhoods such as Virgen del Remedio or Juan XXIII fall below €1,000.
Potential buyers of a house in Alicante
Identifying potential buyers is essential to properly target strategies for selling a property in Alicante. The city attracts a variety of profiles ranging from families looking for a change of life to foreign investors interested in the Spanish real estate market. Potential buyers are often attracted by the warm climate, the beaches and the high quality of life that the city offers.
- Local families: Looking to improve their quality of life by taking advantage of quiet residential areas and good schools.
- Expats: Mainly from European countries, who choose Alicante as their new home to enjoy their retirement or work remotely.
- Investors: Interested in buying properties to rent them out and generate passive income, given the area's tourist appeal.
- Young professionals: Looking for affordable housing near employment areas or with good access to urban services.
The documents you need to sell a house
Selling a property involves adhering to various legal and administrative requirements. To streamline the selling process in Alicante, it's essential to have all necessary documents prepared. Here are the most important documents you will need:
- Title deed: Legal document proving the seller's ownership.
- Energy efficiency certificate: Mandatory to list and sell the house.
- Cédula de habitabilidad (certificate of occupancy): This certifies that the property meets the minimum requirements for habitation.
- Latest property tax receipts: They must be up to date before sale.
- Certificate of no community debt
- Nota simple from the Property Registry: This document provides a description of the property and details any burdens or limitations associated with it.
As well as the necessary documentation, you must consider all the expenses and taxes associated with selling a home.
Choose the best real estate agency
Choosing the right estate agent is crucial for successfully selling your property in Alicante. The agency you select will impact the sale's speed, conditions and final price.
idealista provides a tool to help you find an estate agent that meets your needs. It recommends a curated list of agencies based on your proximity, the property's characteristics and the type of transaction you are pursuing.
