Commercial premises for sale in Elche

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Spain
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Properties in Elche

Elche is located in eastern Spain, in the Costa Blanca region. The city has more than 230 thousand inhabitants. It is not a typical seaside resort, but it still has something to offer tourists and investors beyond the beach and sea.

 

The city itself is famous for its interesting architecture, which it owes to the Ibers, Phoenicians, Romans and Moors. It is here that the famous lady of Elche was found - an outstanding Iberian sculpture. The exhibition can be admired at the National Archaeological Museum in Madrid. Tourists may enjoy the rich cultural life as much as they like, shop in many shops and enjoy the amazing Spanish cuisine in the local restaurants. In addition, the sea is only half an hour away by car. 

Map of Elche
Palm trees in Elche

Best things to do in Elche

Elche is the largest date palm plantation in Europe. With number of 200,000 - 300,000 palm trees, Elche has more palm trees than people.

In Elche there is an Arab palm grove, which has been on the UNESCO World Heritage List since 2000. Date palms were grown in Elche as early as the 5th century BC and were founded by the Romans. However, the appearance and complex irrigation system is the work of the Arabs. Everything was created in the 10th century -  in this period the Muslim city of Elche was born. The palm grove is an oasis – just as the desert oasis, but also serves as an example of Arab farming methods. It is a very unique place in Europe. 

Characteristics of the property market in Elche

How much do properties in Elche cost?

In Elche you will find many tourist properties at attractive prices. Property prices depend on the attractiveness of the location and the availability of the most popular types of properties. The most expensive properties can be found near the coast and in the city centre. Prices also depend on whether you are buying a detached property or an apartment in a closed district. The price also depends on the proximity of public transport and availability of public facilities. However, regardless of whether you buy a property in the city centre or on the outskirts of the city, you will always have convenient access to the airport and the nearby tourist destinations.

 

Average price for properties in Elche:

  • Average price by square metre for Elche - 1,098 €
  • Average price for properties in Elche - 167,945 €

Who buys properties in Elche?

Properties in Elche are bought by foreign investors seeking direct contact with nature and the Spanish tradition. The most famous showpiece of Elche are palm trees. Palms not only delight with their appearance, but also make the air clean and crisp. The sunny and very favourable Mediterranean climate combined with a unique landscape encourage thousands of tourists to spend their holidays here, and a large part of foreign visitors to settle permanently.

 

International buyers:

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

Best areas for an investment

Surely the most popular among foreign investors are the locations near the sea and the coast. If you are planning to purchase a property that will be used for short-term holiday rentals, you will certainly get the biggest return on investment by buying an apartment, a flat or a house with a view of the sea and in vicinity of the beach.

 

Properties located in the vicinity of palm groves and in the city centre are also very popular. However, if you plan to settle in Elche choose a property well connected with public facilities. In addition, if you want to feel the typical Spanish atmosphere, you can take a look around the property located on the outskirts of the city. In these areas, the vast majority of the residents are native Spaniards. 

 

127,704 € Elche Elche Ciudad
160,988 € Elche Torrellano
184,830 € Elche Arenales del Sol
187,922 € Elche Peña de Las Águilas
200,160 € Elche Las Bayas-Asprillas
201,455 € Elche El Altet
205,079 € Elche La Hoya-Daimes-El Derramador
226,112 € Elche Alzabares

Total numer of housing property transactions in Elche

  • 1st quarter 2018 702
  • 2nd quarter 2018 827
  • 3rd quarter 2018 692
  • 4th quarter 2018 807
  • 1st quarter 2019 739
  • 2nd quarter 2019 759

Prospects for the property market in Elche

As long as Elche will delight people with the friendly Mediterranean climate and the beauty of palm parks, it will be a very attractive place, enjoying great interest of tourists and investors. All prospects for the property market in the coming years are very positive and the number of transactions is growing constantly growing. If you decide to buy a property in an attractive tourist location, you can count on a quick return on investment. When buying a property, you always gain an additional benefit, which is the possibility of living in your own house or apartment located in the sunny Costa Blanca.

 

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 - Costa Blanca
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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Commercial properties in Elche

Luxury commercial properties in Elche

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