Apartments for sale in Benidorm

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Costa Blanca
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Map of Benidorm

Properties in Benidorm

The Costa Blanca is becoming more and more popular and is starting to compete with the top Spanish coastal region, the Costa Brava. Benidorm is often called the Spanish Las Vegas or the Spanish New York - BeniYork. It is one of the most unique places on the touristic and entertainment map of Spain. In addition, Benidorm is one of the most cosmopolitan cities in Spain.

Best things to do in Benidorm

A huge number of foreign tourists of all ages state that this city provides a very attractive tourist and cultural offer. 

 

The fabulous white staircase leading straight to the Mediterranean Sea, Mirador de Punta Canfali, is something that everyone wants to see.  In addition, it is recommended to witness the wonderful, romantic sunrise on the Levante beach or stay a bit longer on the Poniente beach. Why? Unlike the Levante beach, Poniente is almost completely empty. Moreover, about 50 kilometers from Benidorm, archaeologists have found the oldest wineries in Europe. These wineries date back to 2500 BC. Although they do not function now, it is worth going to the modern local wine factories for a tasting of wines.

Skyscrapers in Benidorm

Characteristics of the property market in Benidorm

How much do properties in Benidorm cost?

Benidorm is the perfect place to invest for the British. This is confirmed by statistical data - Benidorm ranks as fifth in the most searched-for locations in the world (Q1 2017). What encourages the British to invest in Benidorm? Long sandy beaches, a developed tourist infrastructure, numerous water attractions and a huge number of restaurants and pubs, as well as excellent weather conditions.

 

Average price for properties in Benidorm:

  • Average price by square metre for Benidorm - 2,488 €
  • Average price for properties in Benidorm - 278,683 

Who buys properties in Benidorm?

Benidorm is a city with a huge number of tourists from the UK, Denmark, Ireland, Scandinavia and South America. However, it is the British who are the most popular among the group of tourists (42.5%) and foreign residents of the city (2.5 thousand). Therefore, the British are also the main foreign investors.

 

International buyers:

  • 33 % United Kingdom
  • 14 % Romania
  • 6 % Germany
  • 5 % Bulgaria
  • 5 % Netherlands
  • 5 % Italy
  • 4 % France
  • 4 % Belgium
  • 2 % Norway

Best areas for an investment

Benidorm consists of many attractive places to invest in. The British are by far particulalry fond of the district of Levante (Rincón de Loix). The district is full of British and Irish pubs and restaurants. Its international character is emphasized by street names referring to European cities. In addition, the beautiful and long promenade along the Levante beach is the perfect place to relax for people of all ages. It delights with its well-prepared infrastructure for the elderly and people in wheelchairs. The most expensive properties can be found in the Puerto district (376.688 Euro) and the British district Rincon de Loix 326.744 Euro.

172,320 € Benidorm Centro Urbano
172,864 € Benidorm Pueblo Poniente
193,447 € Benidorm Playa de Levantesa
256,150 € Benidorm Pueblo Levante
321,984 € Benidorm Playa de Poniente
326,744 € Benidorm Rincón de Loix
376,688 € Benidorm Puerto

Total numer of housing property transactions in Benidorm

  • 1st quarter 2018 745
  • 2nd quarter 2018 649
  • 3rd quarter 2018 393
  • 4th quarter 2018 453
  • 1st quarter 2019 411
  • 2nd quarter 2019 504

Prospects for the property market in Benidorm

Benidorm is one of the best places to invest in. A large number of British people and a well-designed tourist infrastructure will make you feel at home here. Benidorm offers a very high return on investment. The popularity of this tourist destination, combined with the excellent weather conditions throughout the year, means that properties for tourist rentals pay for themselves very quickly. Owners of the attractively located flats and apartments with a sea view record a ca. 85% occupancy of the apartment during the year.

 

It is predicted that properties located on the Spanish coast and in tourist centres will enjoy the greatest interest. The high rate of return on investment of up to 10.5% (data from the Spanish Central Bank) should be a big incentive for foreign investors.

Apartments for sale

Apartments are usually associated with great freedom and space, and these are the main features that define this type of property. The modern design of the rooms and the increased standard of the apartment are also very important. Therefore, apartments should be spacious due to the appropriate height of the premises and a large area. There is no clear definition as to what area the apartments should have and therefore it is possible to find apartments with an area of 100 m2 as well as 70 m2. When it comes to apartments for 1 person, the apartment may be just 60 m2. An important requirement is the division of space into day and night zones. In addition, the apartments may have a wardrobe, several bathrooms, a balcony, a terrace or a garden. Apartments are mostly found in central districts, as well as in newly built housing estates. The location of the apartment should be prestigious and comfortable. There should be shops, galleries, cultural and entertainment facilities in the area.

Apartment Amenities

Apartments in Spain include a wide range of free indoor and outdoor amenities. The offer also includes fully equipped apartments, with all the appliances you might need.

  • Central heating
  • Air conditioning
  • A swimming Pool
  • A private Balcony with outdoor furniture
  • A car park
  • Lifts
  • Adapted to the disabled
Apartment in Spain - interior
Apartment interior

How much do apartments in Spain cost?

Do you want to know the average price for an apartment in Spain? The prices of apartments in Spain are of course very different, depending on their area, attractiveness and location.

 

Average value of property transactions of the free housing market in Spain

  • 1st quarter 2018 145 297 €
  • 2nd quarter 2018 149 582,4 €
  • 3rd quarter 2018 152 095,1 €
  • 4th quarter 2018 153 179,7 €
  • 1st quarter 2019 152 023,4 €
  • 2nd quarter 2019 154 487,8 €

Who buys apartments in Spain?

Apartments are properties, which are very attractive not only for the Spanish but also for foreign investors. Due to the higher standard of the apartments and their attractive location, they are generally more expensive than ordinary apartments. Therefore, if you plan to buy an attractive apartment in Spain, you have to be prepared for a higher price than the average value of the property on the open market.

 

Average value of property transactions of foreigners on the open-market housing in 2nd quarter 2019 in Spain

  • New housing – 257 460,2 €
  • Second hand housing – 157 209,7 €
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