Several factors influence real estate prices in Alfaz Del Pi, Spain. One significant driver is the area's proximity to the Mediterranean coast, which attracts buyers looking for vacation homes and retirees seeking a pleasant climate. This coastal appeal leads to higher demand, particularly for properties with sea views. Additionally, the availability and quality of local amenities, such as schools, hospitals, shops, and restaurants, also play a critical role; neighborhoods with better facilities tend to command higher prices. Furthermore, the economic conditions in Spain, including interest rates and local employment rates, affect buyer confidence and purchasing power, subsequently impacting property values. The seasonal influx of tourists can also temporarily drive up rental prices, particularly during summer months when short-term rental demand increases. Additionally, the presence of expatriate communities can influence market dynamics, as English-speaking customers may prefer areas with a strong expat network and social connections, which in turn can elevate prices in those neighborhoods.