House Resales in Benidorm are 29% more expensive than 20 years ago

Real estate website Fotocasa reports that compared to 20 years ago, the price of a used home in the Costa Blanca’s tourism centre is 29% higher.

Twenty years ago, the average price of a square metre of housing in the city was 2,654 euros; now, it’s 3,430 euros, which is 1,000 euros higher than the national average.
With a 29% increase and a 13.5% gain in the past year, it now has the most expensive properties in the entire Valencian Community, surpassing both Alicante and Valencia city, according to figures.

During the same time period, the portal’s regional average for second-hand home prices showed a somewhat more moderate but still substantial increase of 15%. After twenty years, the average house price is €2,127/m2, a 15.5% increase from €1,841/m2 in 2005.

The Balearic Islands have had the highest cumulative price increase since 2005, at 124.1%, followed by the Canary Islands at 59.4%, Madrid at 23.1%, the Valencian Community at 15.5%, Galicia at 11.3%, Navarra at 5.7%, and Andalusia at 4.9% as of the beginning of 2025.
Conversely, the areas with the steepest declines in home values over the past two decades are: La Rioja (-29.7%), Castilla-La Mancha (-28.5%), Murcia Region (-22.7%), Basque Country (-16.1%), Extremadura (-14%), Asturias (-14.6%), Aragon (-31.4%), Castilla y Leon (-11.8%), Catalonia (-0.7%), and Cantabria (-4.5%).