Renting a home in Alicante might be cheaper than buying one
Mortgages in the past few months are becoming one of the main reasons people are coming up short at the end of the month due to the rising Euribor. The average mortgage in Alicante supposes 679 euros a month while a rental is only 582 euros.
Nevertheless, renting is not cheap either, in many areas of Alicante and Benidorm buying is still more profitable. As far as prices as concerned Benidorm has areas with the highest rental fees in the province at 10, 95 euros per square meter, compared to the 4,20 in Elda.
In the bigger localities of the Costa Blanca the medium prices are as follows: Alcoy, 409 euro; Alicante, 798 euros; Benidorm, 718 euros; Elche, 550 euros; Elda, 378 euros; Orihuela, 572 euros; San Vicente, 692 euros; Torrevieja, 596 euros.
source La Verdad