Sorello Guides

What rents in Altea actually are

Five years have added 25,6 % to the reference, well ahead of general inflation. It rests on 1.653 declared leases. A flat in Altea rents at a reference of 7,06 €/m², the middle of the Spanish range and the level at which old and new contracts diverge most.

Rents declared on income-tax returns for main-residence leases, not asking prices. They lag the market and exclude holiday lets.

Put beside its neighbours

On share of dwellings that are not a main residence it is the tenth highest of the Alicante municipalities this guide covers.

Across the country, the median floor area of a let flat here belongs to the band just inside the top fifth.

Judged only against Alicante, the median declared monthly rent here is the third highest in the guide.

In context

Against every municipality in this guide, its five-year change in the reference rent lands in the band just below the top quarter.

Judged only against Alicante, the population here is the sixth lowest in the guide.

Across the country, the upper-quartile rent per square metre here belongs to the upper middle of the range.

Against the rest of the province

Take Alicante alone: among the municipalities here, its reference rent per square metre is the seventh highest.

Measured against the whole batch, that number of declared leases sits in the band just above the middle.

Ranked against its neighbours in Alicante, it holds the fifth highest lower-quartile rent per square metre of the group.

How much of the stock is rented

49,24 % of Altea dwellings are not a main residence, which is why long-term supply is thin in summer.

The census publishes tenure only for the larger municipalities and the provincial capitals, so no rented share is available for Altea.

The reference figures, and how far apart they sit

5,44 €/m² against 9,29 €/m² is a wide spread: in Altea the same nominal flat means very different things.

Anything between 5,44 €/m² and 9,29 €/m² is a normal contract; outside it, ask what explains the difference.

Declared rents for flats: rent per square metre a month, unless stated
MeasureValue
Lower quartile5,44 €/m²
Median7,06 €/m²
Upper quartile9,29 €/m²
Median monthly rent616,42 €
Median floor area93 m²

Put a quoted rent in its place

A typical declared lease in Altea runs at 616,42 € a month.

Altea flats run large: the median declared area is 93 m².

What the reference implies for a flat of a given size, per month
Floor areaAt the lower quartileAt the medianAt the upper quartile
55 m²299 €388 €511 €
75 m²408 €530 €697 €
100 m²544 €706 €929 €

The floor areas are round illustrative sizes used to show the arithmetic, not measurements of any particular flat.

Related guides

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