Alicante is the capital city of the province of Alicante. It is located on the east coast of Spain on the famous Costa Blanca. Alicante is situated at the foot of the rocky hill - Benacantil, on top of which is the beautiful Castillo de Santa Bárbara Castle. The name of the city is derived from the Arabic term "source of light", because the sun is abundant here almost all year round. Although more and more tourists come here every year, the city has retained its unique atmosphere. While walking along the narrow streets, you will be amazed by the beautiful trees with their impressive roots, as well as by the charming cafes and tapas bars, which attract with their unique fragrances.
Best things to do in Alicante
The city is referred to as the colourful capital of the Costa Blanca region. It is famous for its turbulent history. But most importantly, it is the unique blend of nations and cultures that gives it its colour. Alicante is located on the east coast of Spain, on the bay of Alicante. The city is famous for its many attractions. There is the well-known Castle of St. Barbara - the symbol of Alicante. It is one of the largest medieval Spanish fortresses. In adidition, another famous element is the funny Calle de las Setas, called "The street of colorful mushrooms". Alicante is also a very popular place with fantastic seaside beaches. Natural, sandy and wide beaches, including 3 km long Playa de San Juan or charming, urban Playa del Postiguet and excellent weather, which is guaranteed by the Mediterranean climate are the keywords that cause the excitement of investors in properties for rent.
Characteristics of the property market in Alicante
How much do properties in Alicante cost?
Do you want to buy an apartment in Alicante and wonder what is the average price of a property in this city? Alicante is a city where you will find a very wide variety of properties - from very cheap apartments to luxurious villas. The average property price for the province of Alicante is around 240,000 € and is close to the average property prices for all of Spain.
Average price for properties in Alicante
Average price by square metre for Alicante - 1,547 €
Average price for properties in Alicante - 191,791 €
Who buys properties in Alicante?
Foreign clients are an increasing number of property buyers in Alicante. As many as 12% of all sales in Spain were transactions made by foreigners. The largest group of buyers were citizens of Great Britain, Romania and Germany.
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
Alicante is the province capital in the Valencian Autonomous Community of Spain. This region is a very attractive area for investment due to its beautiful location and the touristic nature of the region. In the districts of Alicante, located in the city centre and by the sea, we will find the most expensive properties with an average price of 415.924 €. However, outside the tourist centre, there are cheaper properties at an average price of 105,403 €.
105,403 € Distrito 2
Colonia Requena, Virgen del Carmen, 400 Viviendas, Virgen del Remedio, Juan XXIII, Pla del Bon Repós, Nou Alacant, Altozano
135,629 € Distrito 3
Ciudad de Asís, Los Ángeles, Florida, Alipark, Rabasa, Tómbola, San Blas, San Agustín
Bacarot, Fontcalent, Alcoraya, Montnegre, Rebolledo, Pla de la Vallonga, Cañada del Fenollar, Moralet
415,924 € Distrito 4
Orgegia, Santa Faz, La Albufereta, Playa de San Juan, La Condomina, Vistahermosa, Cabo de las Huertas
Total numer of housing property transactions in Alicante
1st quarter 2018 1 769
2nd quarter 2018 1 958
3rd quarter 2018 1 598
4th quarter 2018 1 745
1st quarter 2019 1 672
2nd quarter 2019 1 769
Prospects for the property market
The property market prospects for Alicante are very good. 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.
Commercial premises for sale
The Spanish property market offers not only extremely attractive residential properties. Investors looking for commercial premises at an affordable price and good standard will also find interesting offers there. Among the offers available on our website you will easily find a property that will help you develop a profitable business in Spain. Hotels, restaurants, bars, services for sale - all this and more is to be found at tripinvest.com! Investors with different budgets and expectations will find an offer for themselves. We have interesting offers of cheaper premises for renovation, whose price does not exceed 70 thousand euros. However, investors who have more capital at their disposal will certainly be interested in offers of luxury hotels or apartment complexes for sale.
If you are planning an investment for profit in Spain, you should pay special attention to the location of the premises. We offer properties in popular tourist destinations on the Costa Blanca - such a location will certainly increase your chances for a high return on investment!
Commercial premises' amenities
The commercial premises available on our website have been equipped with a number of amenities, which definitely increase the attractiveness of the offers. Check which amenities may be included in the price of such property.
A car park
Air Conditioning
A lift
A garden
A swimming pool
Adapted for disabled
Commercial premises near the beach
How to buy commercial premises in Spain?
Need help buying a commercial premises on the Costa Blanca? Contact our specialists. We have extensive experience in investing in the Spanish property market - we will prove that buying property abroad is not as complicated as you might think. We will guide you step by step through the whole process of buying a commercial property. We will help you choose the most advantageous property offer, indicate the best location for the investment and advise you on how to apply for its financing in Spain. Contact us!
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