The Costa Blanca is a tourist region in Spain located along the Mediterranean coast in the Autonomous Community of Valencia. The name Costa Blanca means White Coast. The climate of this region has been recognised by the World Health Organization as one of the most comfortable areas to live in. In addition, the region is very diverse in terms of geography and at the same time provides excellent transport to nearby cities. There are mountainous cliffs and rocky beaches to the north and sandy beaches to the south. Year after year, new air connections from the EU countries are being established. Tourists arriving on the Costa Blanca most often use the airport in Alicante or Valencia. Due to its attractive location, the Costa Blanca is a very popular destination among foreign tourists. The Costa Blanca is also an excellent place to live, which is confirmed by the numerous populations of British, German, Dutch and Norwegian people who are the most numerous groups of foreign residents on the Costa Blanca.
Best things to do in Costa Blanca
The Costa Blanca is full of tourist, natural and cultural attractions. It is an excellent starting point for those looking for a strong experience, as well as for families with children and the elderly. There is something for everyone. The Costa Blanca will delight you with its beautiful nature - Europe's largest palm tree gardens, natural salt lakes, beautiful beaches with crystal clear water, Algar waterfalls, zoos and nature parks. There are numerous attractions waiting for families with children in amusement parks and aquaparks. Clean beaches with the "Blue Flag" quality mark and sunny weather even more than 320 days a year are the best incentive for all those who want to relax and sunbathe. Of course, you must not forget the dozens of cultural events, festivals and concerts that are held regularly throughout the year.
Characteristics of the property market in Costa Blanca
How much do properties in Costa Blanca cost?
Costa Blanca is one of the most attractive places to invest in Spain. The excellent geographical and tourist conditions, combined with very attractive property prices, have for many years resulted in a steady increase in property prices on the Costa Blanca
There is great interest in cheap properties below 150 000 Euro on the Costa Blanca. On the other hand, the demand for the cheapest properties below 50,000 Euro is even eight times higher than the supply. A positive sign for the region is the fact that every year the number of buyers looking for luxurious properties and modern properties from the primary market is growing.
Average price for properties in Costa Blanca (the Valencian Community)
Average price by square metre for Costa Blanca - 1,723 €
Average price for properties on Costa Blanca - 267,009€
Who buys properties in Costa Blanca?
The property market on the Costa Blanca has been very popular among foreign buyers for several years. The statistics confirm that in 2018 prices increased by 6.49% and the number of transactions increased by 9.7% on a national scale. More than 103 thousand foreign buyers bought a property in Spain in 2018. Of this, almost 1/3 of all properties purchased by foreigners were properties in the Costa Blanca region. This region has been at the forefront of the region's attractiveness to foreign investors for several years. The interest of foreign investors is strongly influenced by low property prices, which are still 25-30% cheaper than before the economic crisis. A great advantage of the market is the variety of available properties - modern apartments, luxury villas, property from the developer, as well as a large number of cheap flats, holiday bungalows and houses near the beach.
Total numer of housing property transactions in Costa Blanca
1st quarter 2018 10 833
2nd quarter 2018 12 221
3rd quarter 2018 9 929
4th quarter 2018 11 238
1st quarter 2019 10 242
2nd quarter 2019 11 736
Prospects for the property market in Costa Blanca
The property market on the Costa Blanca is known for its long stability. Since 2016, the market has been experiencing annual sales growth. 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.
Experts in the Spanish property market forecast that the primary market will develop in the coming years, especially due to the increased interest in property from developers, as shown by the British, Belgians, Dutch, French and Scandinavians. It is also worth noting that in recent years there has also been a great interest in property on the part of residents of Lithuania, Estonia, Bulgaria, Romania and Poland.
Bungalows for sale
Spanish bungalows are clearly associated with holidays and small summer houses. However, currently, they are also being built as single-family houses, which may be used throughout the whole year. The bungalow is a one or two-storey suburban house with very characteristic buildings. Bungalows in Spain very often include spacious terraces (also on the roof) or atmospheric patios and gardens, where one may relax and enjoy the beautiful weather. On the local property market there are both, bungalows with a very large area (e.g. 120 m2, 150 m2, 200 m2) as well as those slightly more intimate (e.g. 40 m2, 50 m2, 60 m2). As for the interior of the house, bungalows often have a living room combined with a dining area - an open kitchen. The bedroom part is usually on the upper floor. Affordable bungalow offers for sale may be found on the secondary market, and if you have a larger budget it is also worth looking at offers from the developers.
The wide range of internal and external amenities is available for both, secondary and primary market bungalows. Take a look at what equipment may be included in Spanish bungalows and find the offer that meets your needs.
A private swimming pool
A car park
Fitted kitchen with appliances
How much do bungalows in Spain cost?
Attractive prices convince people to invest in a bungalow in Spain. Generally, such an investment may be more affordable than buying a detached house. Of course, it is worth mentioning that the average cost of such a property may vary depending on its location, size and region of Spain. On our website you can find bungalows in the Costa Blanca, the price of which does not exceed 100 thousand euro! We provide a wide range of bungalows in Spain for sale at different prices. We present very affordable properties that are perfect as houses for rent or holiday homes.
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 bungalows in Spain?
Bungalows are very attractive properties for Spanish and foreign investors. Their popularity is primarily due to a very affordable price and a wide range of amenities. It is worth mentioning that foreigners have often chosen to invest in Spain in the recent years. In 2018, foreign investors bought over 65,000 properties in Spain!
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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