Housing has become a major challenge for many families, especially in areas like the province of Alicante. Despite being a fundamental right, accessing a home —whether for purchase or even for rent— has become increasingly difficult due to the lack of affordable supply and the widespread increase in prices.
What is the current situation?
Spain needs more than 600,000 new homes in the coming years to meet demand, according to estimates from public bodies and the sector itself. In the case of the province of Alicante, with high demographic pressure and undeniable appeal as a residential destination, the need is particularly urgent.
To this shortage of supply is added a constant rise in prices. In the last five years, the price of homes for sale has increased by more than 30% in many areas of the Alicante coast, while rents have doubled in high-demand municipalities. This scenario excludes a large part of the population from the market, especially young people and middle-class families.
The alternative: housing cooperatives
In this context, housing cooperatives are emerging as a viable, transparent, and much more affordable option. This model allows a group of people to organize and promote their own housing, eliminating the figure of the traditional developer and, with it, their profit margin.
This translates into savings of between 15% and 25% compared to the market price of a conventional development. In addition, by acting collectively, cooperative members increase their bargaining power with suppliers, construction companies, or public administrations.
Compared to individual self-development —which tends to be more complex and involves higher costs and personal strain— the cooperative allows for the sharing of effort, risk, and resources, making the dream of owning a home more accessible and realistic.
The key: good management
However, the cooperative does not function on its own. Its success largely depends on professional management that ensures the legal, technical, and financial compliance of the project. At personalHOME, we support cooperatives through all phases of the process: from legal formation to obtaining permits, drafting the project, site management, and final delivery.
Our experience supports this. Projects such as Residencial Zenit (11 single-family homes, already completed), Celeste Villas (7 homes, construction starting soon), or Residencial Nadir (11 homes, in the licensing phase) are real examples of how the cooperative model can result in a quality home, with its own land and common areas, without the need for a gated community, and at a fair price.
Do you want to take the step toward your future home with guarantees, transparency, and savings?
At personalHOME, we help you make it possible.
