While much of Spain is facing a historic collapse in housing supply, Alicante and the broader Valencian Community have shown a notable degree of resilience.
The study by Idealista reveals that the total number of homes for sale across Spain dropped by 20% year-on-year in the second quarter of 2025, marking the sharpest decline ever recorded by the platform.
Alicante: Holding firm amid nationwide decline
Although Alicante experienced the same 20% fall in available housing stock as the national average, it fared better than many of Spain’s major cities. In comparison:
- Madrid saw a 25% drop
- Barcelona dropped by 21%
- Seville declined by 26%
Nearby Valencia city was slightly worse off, with a 24% reduction in listings, but still remained more stable than northern capitals such as:
- Bilbao (–33%)
- Oviedo (–44%)
Málaga was the only major city to buck the trend, with just a 3% drop in housing stock.
Valencian Community: Outperforming the national trend
Looking across the region, the three provinces of the Valencian Community (Alicante, Valencia, and Castellón) have kept the supply decline more contained than the worst-hit areas of the country. While:
- Valencia province dropped 24%
- Alicante province fell 20%
- Castellón’s figures were not highlighted, but are understood to be relatively moderate
These reductions are far less dramatic than those seen in:
- Vizcaya (–35%)
- Segovia (–33%)
- La Rioja (–33%)
The region’s balanced demand, driven by a mix of domestic buyers and foreign residents, paired with ongoing urban and coastal development, seems to be cushioning the blow, at least for now.
National picture: Spain’s housing crisis deepens
Outside the Valencian Community, the picture is bleak. Not a single Spanish capital (except Málaga) avoided a double-digit decline in housing supply. Some of the steepest drops include:
- Segovia and Ciudad Real (–45%)
- Vizcaya and Álava (–35%)
Idealista spokesperson Francisco Iñareta described the situation bluntly: “The collapse in housing supply has reached a new low, to the despair of those searching for a home. With fewer and fewer properties available, prices continue to rise quarter after quarter.”
He also warned that government inaction, fuelled by fears of repeating the mistakes of the last housing bubble, is making things worse. Demographic growth, declining interest rates, and a pressurised rental market are all increasing demand, yet new developments remain scarce, exacerbating the crisis.
