Five Years After Lockdown: The Spanish Property Market’s Remarkable Recovery.
March 14, 2025, marks five years since Spain entered lockdown in response to the Covid-19 pandemic – an event that reshaped lives, businesses and entire industries. For those of us in the real estate sector, the uncertainty of those early months left us wondering how the market would recover. Looking back now, it’s incredible to see just how strong the Spanish property market has bounced back, particularly here in Ciudad Quesada and the wider Alicante province.
From Uncertainty to Unstoppable Demand
In the months following lockdown, the property market seemed frozen. Travel restrictions meant international buyers – the lifeblood of areas like the Costa Blanca – were unable to visit to view homes. Remote video viewings were effective but nothing like the real thing. As soon as borders reopened and confidence returned, demand surged. People who had been dreaming of a home in Spain before the pandemic became even more determined to make it a reality.
Lockdown had given many the time to reflect on their lifestyles. The appeal of spacious homes, outdoor living and a slower pace of life grew stronger and Spain – especially the coastal regions – ticked all the right boxes. Ciudad Quesada, with its year-round sunshine, vibrant expat community and excellent amenities, became a hotspot for buyers seeking a better quality of life.
Rising Prices and Low Stock
Fast-forward to today, and the market tells a remarkable story. Prices have steadily increased over the past five years, with some areas of Alicante province seeing property values climb by over 30% in the last two years. The combination of high demand and limited supply has made it a seller’s market, with quality properties often selling quickly and at strong prices.
One of the biggest shifts we’ve seen is the decrease in available properties. Five years ago, there was an abundance of homes for sale, but with so many buyers entering the market – both from Spain and abroad – stock levels have been stretched. As an estate agent, I’ve never seen such a consistent demand for well-located villas, apartments and townhouses.
A Strong Future Ahead
Looking forward, the Spanish property market remains in an excellent position. International buyers continue to invest, particularly from the UK, Germany, Scandinavia, Belgium and the Netherlands. The digital nomad trend, increased remote working opportunities and Spain’s Golden Visa scheme have all contributed to a steady flow of interest in buying homes here.
If you’ve been considering selling, now is one of the best times to do so. With property prices at their highest in years and demand still outstripping supply, sellers are in a fantastic position. As for buyers, acting quickly is key – properties don’t stay on the market for long, especially in sought-after areas like Ciudad Quesada.
Five years ago, no one could have predicted just how resilient the Spanish property market would be. But one thing is clear: Spain remains one of Europe’s most desirable destinations to live, invest and enjoy life.
Thinking of buying or selling? Get in touch – I’d love to help you navigate the market in these exciting times.