New build property prices in Algorfa, Alicante vary depending on size, type, and proximity to the coast. Across the 40 developments we track in the area, the average asking price is EUR 465,123. Entry-level properties start from EUR 159,000, while premium homes can reach EUR 995,000.
In terms of price per square metre, Algorfa, Alicante averages EUR 4,611/m2. The typical new build here offers 2.9 bedrooms and 103 square metres of built area. Available property types include Villa, Bungalow, Townhouse, Penthouse, Apartment, giving buyers a range of options from compact apartments to larger family homes or luxury villas.
Beyond the purchase price, buyers should budget for approximately ten to thirteen percent in additional costs. These include transfer tax or VAT at ten percent for new builds, notary and registry fees around one to two percent, and legal fees of roughly one percent. Annual running costs in Algorfa, Alicante typically include IBI property tax, community fees, and building insurance. Properties in Algorfa, Alicante benefit from being within the Costa Blanca South, which supports strong resale values and rental demand from the established tourist market.
The top-scoring development currently available is New Build Villas in La Finca Golf Resort Algorfa, which offers the best combination of value and quality based on our scoring algorithm. With an average gross rental yield of 5.1% across the area, many buyers find that rental income can offset a significant portion of annual ownership costs. For the most current pricing, we update our database weekly with the latest figures from developers and agents across the region.