Elche / Elx Property Prices, Rents & Rental Yields

About Elche / Elx

Elche / Elx combines a large urban economy with a strong Mediterranean identity, from its historic palm groves to its established residential districts. For apartment investors, it is a city where everyday housing needs and a broad local catchment help keep the market relevant across cycles.

July 2026 brings the clearest signal: sale prices have continued to edge higher over the year, while monthly pricing has paused. The average apartment sale price stands at €189,000, and the average price per square metre is €1,890, both up 11.2% year over year but down 0.5% month over month. That combination points to a market that has already re-rated, even if the latest monthly move was softer.

Rental performance adds a second layer to the picture. The average rent is €900, unchanged from the previous month and up 5.9% over 12 months, which means income has improved, but not as fast as capital values. Against that backdrop, the apartment yield is 6.21%, suggesting a workable return profile, though one that must now absorb a higher purchase base than a year ago.

In practical terms, Elche / Elx looks steady rather than accelerating. The monthly stall in rents, alongside a modest dip in sale values, suggests July is less about momentum and more about a market adjusting after a strong annual rise. For investors, the key tension is simple: annual price growth remains intact, but the economics of entry have become a little tighter.