Costa Blanca

Alicante’s new rent cap

The rental prices in the city of Alicante increased by 0.7% in February, reaching €11.9 per square metre. In comparison to the same month last year, this figure has increased by 9.8%.

The rental reference index is once again providing some respite to tenants who are required to renew their leases this March, as rental prices have experienced a significant increase. According to the National Statistics Institute’s reference figure, the utmost rent increase is 2.08%.

This is the lowest value since the implementation of this percentage in December of last year, with the intention of restricting rental renewals and mitigating price increases. The value, which is based on February data, has decreased by 0.11 percentage points and is at a four-month low.

This percentage will be applicable to residential rental contracts that were executed subsequent to the implementation of the Housing Law in May 2023. The remaining items will continue to be updated in accordance with the Consumer Price Index (CPI), which is approximately 3% this month. Consequently, the INE index suggests an increase that is less than the inflation rate.

In a market with high demand and limited supply, a price increase that is significantly different from the current situation. Therefore, the index’s annual increase in Alicante is nearly 7.8 percentage points. This implies that Alicante residents who renew their leases will be saving a substantial sum when the actual market price is considered.

An 80 m2 flat was priced at an average of 864 euros a year ago, while the current average monthly price is approximately 952 euros, as per Idealista data. A discrepancy of 88 euros per month, or 1,056 euros per year.

This flat was unable to achieve these values under the INE limit, as it was subject to a limitation of 2.08% increase, as opposed to the current 9.8%. This implies that individuals who renew their tenancy would be required to pay an additional 18 euros per month, which equates to 882 euros or approximately 216 euros per year.

The disparity between the present market value increase and the increase proposed by the INE is more than substantial. In 2025, rents that are renewed and subject to the government’s percentage increase could not increase by more than 24 euros per month. This would result in an average savings of up to 840 euros per year for Residents of Alicante.

Discover more from Costa Blanca Daily

Subscribe to get the latest posts sent to your email.

Related Topics:2025 Alicante Housing Market National

Up Next

Torrevieja Hospital call for reinforcements: “It’s overwhelmed, there are patients in the hallways”

Don't Miss

Dozens of illegal immigrants relocated to a hotel in Guardamar

Click to comment

Costa Blanca

21 expensive cars that were stolen in the U.S. were found Valencia port

Together with the US Container Security Initiative, the Guardia Civil and the Tax Agency found 21 high-end cars that were stolen in the U.S. and were on their way to Africa in the port of Valencia. The cars, which were worth a total of €1.1 million, were reported stolen and were being moved in containers.

The cars were stolen in the U.S. and were on their way to different places in Africa, stopping in Valencia’s port. Risk analysis units made up of Guardia Civil and Tax Agency officers were able to find several packages that might not have had the goods that were claimed to have been inside.

With the help of the information gathered, it was confirmed that stolen cars that had been in Valencia on their way to the United States had actually arrived. The groups that ship stolen cars either traded legally declared cars for stolen ones or directly declared the stolen cars as other goods, like furniture or mattresses.

In the past few weeks, 21 vehicles have been found and will be sent back to their home countries to be given to their original owners.

Discover more from Costa Blanca Daily

Subscribe to get the latest posts sent to your email.

Costa Blanca

14 immigrants were saved on a boat 45 miles off the coast of Alicante

On Wednesday, 2nd April, the Maritime Rescue ship Salvamar Leo saved 14 immigrants who were travelling in a boat about 45 miles from Alicante.

In the middle of the afternoon on Wednesday, Maritime Rescue sent out its Helimer 223 helicopter and the Salvamar Leo, which is based in Alicante, to save the people on a small boat.

Their journey began on the Salvamar Leo, which took them to the Temporary Assistance Centre for Foreigners in the port of Alicante. There, the Red Cross took care of them.

The Red Cross says that all of the refugees they saved were men, and two of them were younger than 15 years old. They were all healthy after being treated.

The National Police took over the refugees after getting help from the Red Cross. They are now trying to find the boat’s captain so they can arrest him, as is normal in these situations.

Discover more from Costa Blanca Daily

Subscribe to get the latest posts sent to your email.

Costa Blanca

Dénia wrestler arrested in connection with a network that smuggled 300 kilos of cocaine from Ecuador

The National Police’s Drugs and Organised Crime Unit arrested a famous mixed martial arts (MMA) fighter from Dénia. He was part of a gang that was partly broken up in August over a shipment of 300 kg of cocaine from Ecuador that came into the port of Valencia. The fighter from Dénia is one of five people who were caught by police. Along with nine other gang members who were already in jail at the time, they are now in jail.

The man who was arrested in Dénia is thought to be the trusted man of the gang’s leader, who is also an MMA fighter, and the person who is said to have worked as a go-between in the operation.

Levante-EMV also says that the broken-down network is linked to another shipment of 490 kg of cocaine that came into the port of Valencia in April of last year.

The five people who were just caught went before Valencia’s Investigative Court No. 20 yesterday, April 3rd.