During 2023, the Alicante province closed the year with the best results since 2007 in terms of new residential property construction.
Leading the way in this property boom is Orihuela, which, along with the provincial capital itself, exceeded 1,000 new builds.
Despite being amongst the biggest portfolio of vacant properties in the province, Torrevieja was in third place with 898 homes.
According to the Institute of National Statistics, in their most recent data, there are 122,000 residential properties in Torrevieja, and with the town hall boasting reaching 100,000 residents (yet to be adjusted for those having left), it shows an indication of the number of vacant properties in the town already. The INE themselves report over 30,000 vacant properties in Torrevieja.
For their part, in Orihuela, the INE reports over 88,000 homes, and 24,000 vacant properties.
