Luxury Apartments for sale in Orihuela Costa

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Where is Orihuela Costa?

Orihuela Costa is one of the most famous and picturesque Spanish coastlines. It stretches from Torrevieja to Mil Palmeras and is the southern part of the Costa Blanca area. However, the city of Orihuela is not located directly by the sea. It is located 20 km inland.

 

The coast is administratively divided into smaller areas and urbanisations. It consists of places, such as: Villamartin, Cabo Roig, Campo Amor, Aquamarina, Playa Flamenca, Los Dolses, La Florida, Los Altos and Los Balcones. In addition, the city of Orihuela includes 101 thousand inhabitants. In total, Europeans constitute the largest number of foreigners and the most numerous people living in the Orihuela are the British. 

Map of Orihuela Costa
Panarama of Orihuela Costa

Best things to do in Orihuela Costa

The Orihuela Costa covers more than 15 km of beautiful sandy beaches. Experts say they are among the best in Spain and most importantly - very clean. Therefore, they have been awarded with the Blue Flag status. In addition, they are well-organised and include all the necessary equipment for sunbathing and water sports. The guaranteed sunny weather lures thousands of holidaymakers from all corners of Europe. It is worth mentioning that tourists are looking not only for hotel rooms, but also apartments and flats for rent.

Characteristics of the property market in Orihuela Costa

How much do properties in Orihuela Costa cost?

The beautiful location of Orihuela makes the number of property offers here particularly wide. The large area of the city means that properties are available in the hinterland and directly by the sea. In addition, the large selection of properties makes it easy to find real bargains at very attractive prices. Property prices start at 30,500 Euros for small apartments in the suburbs.

 

The most expensive properties are the ones located in the city centre, in the vicinity of the Old Town and the commercial part, full of boutiques, shops, restaurants and bars. The city itself is very friendly to visitors and the prices of the property are not exorbitant. Very interesting properties can also be found in the coastal area, on the outskirts of the city, and in districts inhabited by native Spaniards.

 

Average price for properties in Orihuela Costa:

  • Average price by square metre for Orihuela Costa - 1,662 €
  • Average price for properties in Orihuela Costa - 245,973 €

Who buys properties in Orihuela Costa?

The property market in Orihuela is very dynamic and has been stable for several years. Property prices are constantly rising, while the number of buying and selling transactions remains at a very high level. The wide variety of property offers – both, very luxurious villas and affordable flats make Orihuela a destination for investors from many European countries as well as from the United States.  

 

International buyers:

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

Best areas for an investment

The area around Campoamor is definitely the most attractive and luxurious place to invest in. These areas are located near the sea and close to golf courses. In addition, the nearby nature park Sierra Escalona and Dehesa de Campoamor delight visitors with its greenery. In this area you can also find modern buildings such as luxury villas, houses with swimming pools or modern apartment buildings. However, in this part, the property prices are higher than for the rest of the city. 

 

Another attractive location is Cape Cabo Roig - due to the breathtaking views, this location has been developed for the needs of a luxury port and yacht club. An attractive but less exclusive location is Playa Flamenca, which is the perfect place for a holiday for foreign tourists, including the British. Foreign investors, mainly Russians, have spotted the area of La Zenia, where you can buy very attractive houses, bungalows, villas, but also apartments and flats. Other areas worth considering for investment include: Punta Prima, Villamartin, Los Altos and Las Ramblas.

130,687 € Orihuela Orihuela Pueblo
174,432 € Orihuela Molins-Campaneta-San Bartolomé
249,412 € Orihuela Costa Orihuela Costa
224,565 € Orihuela Desamparados-Hurchillo-Torremendo
235,197 € Orihuela La Murada-Los Vicentes
275,954 € Orihuela Montepinar - La Aparecida - Raiguero

Total numer of housing property transactions in Orihuela Costa

  • 1st quarter 2018 973
  • 2nd quarter 2018 1 122
  • 3rd quarter 2018 959
  • 4th quarter 2018 1027
  • 1st quarter 2019 872
  • 2nd quarter 2019 1094

Prospects for the property market in Orihuela Costa

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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