Bungalows for sale in Altea

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Spain
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Properties in Altea

Altea is located in the northern part of the Alicante region on the Costa Blanca. A characteristic feature of the city is its white architecture. When walking through the maze of narrow streets, you will feel the unique atmosphere of the city. It is dominated by the cliffs of the Serra de Bernia, which provide a mild microclimate - rocky hills are now the most desirable areas for luxury villas. The hills surrounding the city are home to several luxury districts: Altea Hills, Mascarat and Sierra de Alta. In addition, the closed urban districts guarantee the residents privacy and security. Due to its unique location and amazing views, Altea is an ideal place to buy a luxury villa in Spain.   

Map of Altea
City of Altea

Best things to do in Altea

The Spanish property market is very attractive and investments here pay off quickly, especially in locations like Altea - the cultural capital of Costa Blanca and the city of artists. What is so special about this town and why is it worth investing here?

 

Altea is located on the beautiful Costa Blanca, in the Valencia region. The warm Mediterranean Sea, beautiful sandy and pebble beaches, steep cliffs, tiny bays and intimate surroundings guarantee a unique holiday in Spain. Altea also offers a flourishing infrastructure for water sports amateurs. There are two ports in Altea - a fishing port and a sporting port. These are, among other things, the most important reasons why the area is very popular among tourists. Its big advantage is also the proximity of other famous cities.

Characteristics of the property market in Altea

How much do properties in Altea cost?

Altea is an ideal place to relax for those who seek peace and beautiful views. Due to its location and the characteristic architecture of the city, Altea is an ideal place for demanding investors looking for luxurious properties. However, the prices of properties in Altea are higher than the average price for the Alicante region.

 

Average price for properties in Altea:

  • Average price by square metre for Altea - 2,723 €
  • Average price for properties in Altea - 631,648

Who buys properties in Altea?

Altea is a popular investment destination for foreigners. Property is bought here by wealthy investors, including celebrities, millionaires and people looking for discretion and security. Are you looking for luxury, modern architecture, unique views and excellent weather conditions almost all year round? If so, Altea is the perfect place for you. It is also worth mentioning that foreign investors constitute a very large group of the property owners in Altea.

 

International buyers:

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

Best areas for an investment

An absolutely unique place for investing in a property is the Altea Hills district, which is famous for its luxurious villas. Altea Hills is a closed housing estate, which guarantees safety and discretion. Houses located in Altea delight with their modern architecture, breathtaking views and very attractive infinity swimming pools.

251,625 € Altea Zona l'Olla
324,424 € Altea Altea Pueblo
529,254 € Altea Altea la Vella
665,274 € Altea

Zona de Mascarat

1,408,826 € Altea Altea Hills

Total numer of housing property transactions in Altea

  • 1st quarter 2018 196
  • 2nd quarter 2018 173
  • 3rd quarter 2018 132
  • 4th quarter 2018 132
  • 1st quarter 2019 140
  • 2nd quarter 2019 163

Prospects for the property market in Altea

Altea is a very reliable and stable market to invest in. Luxury properties in this prestigious district are consistently popular among investors looking for luxury. In addition, the prestigious character of the district makes property prices resistant to economic fluctuations.

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.

 

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.

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.

Bungalow Amenities

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
  • Sea view
  • A car park
  • A balcony/terrace
  • Furnished
  • Fitted wardrobe
  • Fitted kitchen with appliances
Spanish bungalow interior
Furnished bungalow in Spain

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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